EURUSD Daily Analysis – December 13, 2018

by ForexCycle.com | December 13, 2018 1:44 am
EURUSD continued its sideways movement in a triangle pattern on the 4-hour chart. Resistance is at the top trend line of the pattern, breakthrough this trend line could take the price to 1.1500 area. Support is at...

EURUSD Daily Analysis – December 12, 2018

by ForexCycle.com | December 12, 2018 1:57 am
EURUSD is facing the bottom support trend line of the triangle pattern on the 4-hour chart, below this trend line support could trigger further downside movement towards 1.1200. Near term resistance is at 1.1350, a break of...

EURUSD Daily Analysis – December 11, 2018

by ForexCycle.com | December 11, 2018 4:30 am
After touching the top trend line of the triangle pattern on the 4-hour chart, EURUSD pulled back from 1.1442, suggesting that lengthier sideways movement is underway. Deeper decline towards the bottom trend line of pattern would likely...

EURUSD Daily Analysis – December 10, 2018

by ForexCycle.com | December 10, 2018 3:07 am
EURUSD broke above the upper line of the triangle pattern on the 4-hour chart. Further rally would likely be seen in a couple of days and next target would be at 1.1500 area. Near term support is...

EURUSD Weekly Analysis – December 9, 2018

by ForexCycle.com | December 9, 2018 12:26 am
EURUSD stayed in a trading range between 1.1215 and 1.1500 for several weeks. The price action in the range is likely consolidation for the downtrend from 1.1815. As long as 1.1500 resistance holds, the downtrend could be...

EURUSD Daily Analysis – December 7, 2018

by ForexCycle.com | December 7, 2018 2:26 am
EURUSD moved sideways in a triangle pattern on its 4-hour chart. A breakout of the upper line of the pattern could take the price to 1.1600 area. On the downside, a breakdown below the bottom support line...

EURUSD Daily Analysis – December 6, 2018

by ForexCycle.com | December 6, 2018 3:41 am
EURUSD formed a triangle pattern on its 4-hour chart. Support is at the bottom trend line of the pattern, a breakdown below this trend line could signal resumption of the downtrend from 1.1815 (Sep 24 high), then...

EURUSD Daily Analysis – December 5, 2018

by ForexCycle.com | December 5, 2018 3:36 am
EURUSD failed in its attempt to breakout of the upper line of the triangle pattern on the 4-hour chart and pulled back from 1.1418. Deeper decline towards the bottom support trend line of the pattern is possible...

EURUSD Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:09 am
EURUSD is forming a triangle pattern on the 4-hour chart. Another rise towards the upper trend line of the pattern is possible in a couple of days, a breakout of the this trend line could take the...

EURUSD Daily Analysis – December 3, 2018

by ForexCycle.com | December 3, 2018 1:24 am
EURUSD broke below 1.1340 support, suggesting that the rise from 1.1267 had completed at 1.1401 already. The pair is now in downtrend, further decline could be expected and next target would be at 1.1250 area. Resistance is...