EURUSD Daily Analysis – January 3, 2017

by ForexCycle.com | January 3, 2017 3:30 am
EURUSD remains in downtrend from 1.1299 (Nov 9, 2016 high), the rise from 1.0352 could be treated as consolidation of the downtrend. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected...

EUR/USD Forecast December 30, 2016, Technical Analysis

by FX Empire | December 30, 2016 7:06 am
The EUR/USD pair rallied on Thursday, as the 1.05 level above continues to offer resistance. This is an area where I would like to see some type of exhaustive candle that I can start selling again. There...

EUR/USD Forecast December 29, 2016, Technical Analysis

by FX Empire | December 29, 2016 7:25 am
The EUR/USD pair initially went higher at the open on Wednesday, but continues to find the 1.05 level to be resistive enough to continue the downtrend. I believe that we will break below the 1.03 level, and...

EUR/USD Forecast December 28, 2016, Technical Analysis

by FX Empire | December 28, 2016 6:58 am
The EUR/USD pair had a quiet session on Tuesday as traders are just returning from the Christmas holidays. This is a market that should continue to see resistance on the 1.05 level above, an area that was...

EURUSD Daily Analysis – December 28, 2016

by ForexCycle.com | December 28, 2016 2:50 am
EURUSD continued its sideways movement in a rang between 1.0352 and 1.0500. As long as 1.0500 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1299 (Nov 9 high) and another fall...

EURUSD Weekly Analysis – December 25, 2016

by ForexCycle.com | December 25, 2016 6:06 am
EURUSD remains in downtrend from 1.1366. Further decline could be expected after a minor consolidation and next target would be at 1.0000 area. Key resistance is at 1.0873, only break above this level could bring price back...

EUR/USD Forecast December 23, 2016, Technical Analysis

by FX Empire | December 23, 2016 6:20 am
The EUR/USD pair rose on Thursday, but found quite a bit of resistance at the 1.05 level. This is an area that was massively supportive in the past, so it’s not a surprise that it is resistive...

EUR/USD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:20 am
The EUR/USD pair rallied on Tuesday, trying to reach the 1.05 level. That’s an area that is massively resistive though, as it was massively supportive in the past. Because of this, I’m looking to short-term charts that...

EURUSD Daily Analysis – December 22, 2016

by ForexCycle.com | December 21, 2016 11:11 pm
EURUSD moved sideways in a trading range between 1.0352 and 1.0479. As long as 1.0500 resistance holds, the price action in the range could be treated as consolidation of the downtrend and further decline to 1.0200 area...

EUR/USD Forecast December 21, 2016, Technical Analysis

by FX Empire | December 21, 2016 6:36 am
The EUR/USD pair fell on Tuesday, making a fresh, new low. In fact, this was a 14 year low in this pair, so it’s obvious that the Euro is absolutely broken. Currently, I believe that the rallies...