Is Fiscal Stimulus the Next Catalyst for US Dollar Decline?

by elliottwave-forecast.com | October 5, 2020 3:41 pm
The second stimulus bill currently under negotiation may be the next catalyst for the decline in US Dollar. The negotiation between Democrat and Republican gained urgency last week as President Trump contracted the virus and required hospitalization....

EURUSD Weekly Analysis – October 4, 2020

by ForexCycle.com | October 4, 2020 1:36 pm
EURUSD’s fall from 1.2010 extended to as low as 1.1612. Deeper decline is still possible next week and next target would be at 1.1500, followed by 1.1350. Near term resistance is at 1.1800, a breakout of this...

EURUSD Weekly Analysis – September 27, 2020

by ForexCycle.com | September 27, 2020 1:06 pm
EURUSD broke below 1.1695 support, suggesting that the upside movement from 1.0635 had completed at 1.2010 already. Deeper decline would likely be seen and next target would be at 1.1500, followed by 1.1300. Near term resistance is...

EURUSD Weekly Analysis – September 20, 2020

by ForexCycle.com | September 20, 2020 12:35 pm
EURUSD broke below the rising trend line on the daily chart and continued its sideways movement in a trading range between 1.1695 and 1.2010. As long as 1.1695 key support holds, the sideways movement could be treated...

EURUSD Weekly Analysis – September 13, 2020

by ForexCycle.com | September 13, 2020 2:01 pm
EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the price action in the trading range between 1.1695 and 1.2010...

EURUSD Weekly Analysis – August 23, 2020

by ForexCycle.com | August 23, 2020 1:36 pm
EURUSD moved sideways in a trading range between 1.1695 and 1.1965. As long as the price is above the rising trend line on the daily chart, the sideways movement could be treated as consolidation for the uptrend...

EURUSD Daily Analysis – August 21, 2020

by ForexCycle.com | August 21, 2020 1:41 am
EURUSD extended its upside movement from 1.1168 (Jun 19 low) to as high as 1.1965. Further rise would likely be seen and next target would be at 1.2100 area. Key support is at 1.1695, only a breakdown...

EURUSD Daily Analysis – August 17, 2020

by ForexCycle.com | August 16, 2020 10:41 pm
EURUSD continued its sideways movement in a trading range between 1.1695 and 1.1916. As long as 1.1695 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1168 (Jun 19 low), and a...

EURUSD Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:10 pm
EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the upside movement could be expected to continue and next target...

EURUSD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:22 am
EURUSD is forming a sideways consolidation in a trading range between 1.1695 and 1.1916. As long as 1.1695 support holds, the upside movement from 1.1168 (Jun 19 low) could be expected to resume, and further rise to...