EURUSD Daily Analysis – February 5, 2019

by ForexCycle.com | February 5, 2019 5:15 am
EURUSD is facing 1.1406 support, a breakdown below this level would indicate that the upside movement from 1.1289 had completed at 1.1514 already, then deeper decline to 1.1300 area could be seen. On the upside, as long...

EURUSD Daily Analysis – February 4, 2019

by ForexCycle.com | February 4, 2019 12:39 am
EURUSD moved sideways in a trading range between 1.1406 and 1.1514. The price action in the range is likely consolidation for the uptrend from 1.1289, further rise to 1.1600 area is still possible after the consolidation. On...

EURUSD Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:47 pm
EURUSD failed to break below 1.1215 support and continued its sideways movement in a trading range between 1.1215 and 1.1570. Another rise to test 1.1570 resistance could be expected next week, above this level could trigger further...

EURUSD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:27 am
EURUSD remains in the uptrend from 1.1289, the pullback from 1.1514 is likely consolidation for the uptrend. As long as 1.1406 support holds, the upside movement could be expected to resume, a breakout of 1.1514 resistance could...

EURUSD Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:01 am
EURUSD extended its upside movement from 1.1289 to as high as 1.1501. Further rise is still possible after a minor consolidation and next target would be at 1.1550 area. Support is located at the bullish trend line...

EURUSD Daily Analysis – January 30, 2019

by ForexCycle.com | January 30, 2019 5:52 am
EURUSD extended its upside movement from 1.1289 to as high as 1.1450. Further rise is still possible after a minor consolidation and next target would be at 1.1500 area. Support is at 1.1400, below this level could...

EURUSD Daily Analysis – January 29, 2019

by ForexCycle.com | January 29, 2019 3:11 am
EURUSD broke above 1.1425 resistance, suggesting that the downside movement from 1.1570 had completed at 1.1289 already. Further rise could be expected in a couple of days and next target would be at 1.1500 area. Near term...

EURUSD Daily Analysis – January 28, 2019

by ForexCycle.com | January 28, 2019 3:34 am
EURUSD broke above the falling trend line on the 4-hour chart and is now facing 1.1425 resistance, above this level would confirm that the downside movement from 1.1570 had completed at 1.1289 already, then further rise to...

EURUSD Weekly Analysis – January 27, 2019

by ForexCycle.com | January 27, 2019 7:05 am
EURUSD broke below the bottom support trend line of the price channel on the daily chart, suggesting that the downside movement from 1.2555 has resumed. Further decline would likely be seen in a couple of weeks and...

EURUSD Daily Analysis – January 25, 2019

by ForexCycle.com | January 25, 2019 2:13 am
EURUSD failed to break above the falling trend line on the 4-hour chart and extended its downside movement from 1.1570 to as low as 1.1289. As long as the trend line resistance holds, the downside movement could...