EURUSD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:18 am
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.0635 already. Further rally is still possible after a minor consolidation and next target would be...

EURUSD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:02 am
After breaking below 1.0778 support, EURUSD rebounded strongly from 1.0635. However, the bounce is likely corrective consolidation for the downtrend from 1.1496, another fall towards 1.0400 is still possible after the consolidation.

EURUSD Daily Analysis – March 27, 2020

by ForexCycle.com | March 27, 2020 2:21 am
EURUSD extended its upside movement from 1.0635 to as high as 1.1058. Further rise is still possible after a minor consolidation and next target would be at 1.1170 area. Near term support is at 1.0900, a breakdown...

EURUSD Daily Analysis – March 26, 2020

by ForexCycle.com | March 26, 2020 5:13 am
EURUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.0635 already. Further rally would likely be seen in a couple of days and next target...

EURUSD Daily Analysis – March 25, 2020

by ForexCycle.com | March 25, 2020 1:06 am
EURUSD is facing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0635 could be treated as consolidation for the downtrend from 1.1496, another...

EURUSD Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:29 am
EURUSD is facing 1.0831 resistance, a break of this level could trigger further upside movement towards the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0635 could...

EURUSD Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:32 am
EURUSD’s downside movement from 1.1496 extended to as low as 1.0635. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

EURUSD Weekly Analysis – March 22, 2020

by ForexCycle.com | March 22, 2020 9:49 am
EURUSD extended its downside movement from 1.1496 to as low as 1.0637, breaking below 1.0778 support. Further decline could be expected after a minor consolidation and next target would be at 1.0400 area. Near term resistance is...

EURUSD Daily Analysis – March 20, 2020

by ForexCycle.com | March 20, 2020 4:37 am
EURUSD extended its downside movement from 1.1496 to as low as 1.0652, breaking below 1.0778 support. Further decline is still possible after a minor consolidation and next target would be at 1.0600 area. Near term resistance is...

EURUSD Daily Analysis – March 19, 2020

by ForexCycle.com | March 19, 2020 2:16 am
Being contained by 1.0778 support, EURUSD rebounded from 1.0801. As long as the price is below the bearish trend line on the 4-hour chart, the bounce could be treated as consolidation for the downtrend from 1.1496, another...