EUR/USD Forecast May 24, 2017, Technical Analysis

by FX Empire | May 24, 2017 5:31 am
The EUR/USD pair had a relatively stable session on Tuesday, as the 1.12 level underneath continues to offer support. With recent comments coming out of Angela Merkel suggesting that the common currency is far too cheap, the...

EURUSD Daily Analysis – May 24, 2017

by ForexCycle.com | May 24, 2017 12:38 am
EURUSD moved below the ascending trend line on 4-hour chart and is now facing the 1.1161 support, a breakdown below this level will indicate that the uptrend from 1.0839 had completed at 1.1267 already, then the pair...

EUR/USD Forecast May 23, 2017, Technical Analysis

by FX Empire | May 23, 2017 7:51 am
The EUR/USD pair initially fell on Monday, but found the 24-hour exponential moving average to be supportive enough to turn the market around, and send it back above the 1.12 level. The market then rose to the...

EURUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:03 am
EURUSD’s bullish movement extended to as high as 1.1263. Near term support is at the rising trend line on 4-hour chart. As long as the trend line support holds, the bullish movement could be expected to continue...

EURUSD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:26 am
After consolidation, EURUSD continued its bullish movement from 1.0839 and the rise extended to as high as 1.1211. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above...

EURUSD Weekly Analysis – May 20, 2017

by ForexCycle.com | May 20, 2017 1:42 pm
EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.1211. Support is at the ascending trend line on daily chart. As long as the pair is above the trend line, the...

EUR/USD Forecast May 22, 2017, Technical Analysis

by FX Empire | May 20, 2017 11:59 am
The EUR/USD pair had a very strong session on Friday, breaking above the 1.12 level. This is a very bullish sign, as American traders will went home for the weekend they started buying the EUR yet again....

EUR/USD Forecast May 19, 2017, Technical Analysis

by FX Empire | May 19, 2017 5:04 am
The EUR/USD pair fell initially during the day on Thursday, as we reached down to the 1.11 level underneath. That is an area that has previously been resistive, and now it should be supportive. We also have...

EURUSD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 1:54 am
EURUSD remains in uptrend from 1.0839, the fall from 1.1172 is likely consolidation of the uptrend. Range trading between 1.1070 and 1.1172 would likely be seen in a couple of days. Near term support is at 1.1070,...

EURUSD Broke Above Channel Resistance

by ForexCycle.com | May 18, 2017 5:04 am
EURUSD broke above the upper line of the price channel on the daily chart, which provided resistance around 1.1060, indicating that a new bullish movement had started. Further rises could be expected over the next several days...