Euro Stalls at Key Trendline Resistance Against US Dollar

by ForexCycle.com | May 6, 2024 2:00 am
The EURUSD currency pair has staged an impressive rally from the 1.0600 low, breaking above the 1.0752 resistance level and extending its upside move to test the falling trendline resistance visible on the 4-hour chart. However, the...

EURUSD Tests Resistance: Uptrend Signal or Correction Within Downtrend?

by ForexCycle.com | May 3, 2024 10:26 am
EURUSD’s price action faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. EURUSD Encounters Resistance: Upside Potential on...

EURUSD Breaks Channel Support: Uptrend Over or Short-Term Correction?

by ForexCycle.com | May 1, 2024 1:26 am
EURUSD’s price action has shifted, raising questions about the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. EURUSD Falls Below Channel: Downtrend Resumption or Pullback? Support Levels in Focus:...

EURUSD Climbs Within a Channel: Uptrend or Correction Within Downtrend?

by ForexCycle.com | April 30, 2024 3:10 am
EURUSD has displayed positive momentum, but faces a key resistance level. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Within Rising Channel: Upside Potential Within the Channel: Falling Trend Line...

EURUSD Climbs: Uptrend Resumption or Bullish Correction?

by ForexCycle.com | April 26, 2024 10:38 am
EURUSD has displayed renewed buying pressure, breaking above key resistance. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Stages Rally: Uptrend or Correction? Price Channel in Focus: Downtrend Shadow Looms:...

EURUSD Stages Rebound: Correction or Downtrend Pause?

by ForexCycle.com | April 24, 2024 3:22 am
EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Breaches Resistance: Upside Potential and Targets: Support Levels to Consider: Overall...

EURUSD Stalled: Downtrend Paused or Finding New Lows?

by ForexCycle.com | April 22, 2024 1:08 am
EURUSD has been stuck in a holding pattern, neither gaining nor losing significant ground. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD in a Trading Range: Upside Potential or False...

EURUSD Rebounds: Downtrend Reversal or Correction Within a Downtrend?

by ForexCycle.com | April 18, 2024 3:18 am
EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Breaches Resistance: Is This a Trend Reversal or Correction? Support Levels...

EURUSD Slides Lower: Downtrend Deepening or Temporary Dip?

by ForexCycle.com | April 15, 2024 2:47 am
EURUSD has exhibited renewed weakness, extending its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Slides Further: Downside Potential Persists: Signs of a Correction? Initial Resistance to Consider:...