EURUSD Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:28 am
EURUSD remains in downtrend from 1.1299, and the fall extended to as low as 1.0526. As long as the downward trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462...

EUR/USD Forecast November 23, 2016, Technical Analysis

by FX Empire | November 23, 2016 9:14 am
The EUR/USD pair initially rallied on Tuesday, but then struggled to hold the gains as we ended up falling yet again. It appears that the market is intent on reaching towards the 1.05 level given enough time,...

EURUSD Daily Analysis – November 22, 2016

by ForexCycle.com | November 22, 2016 2:35 am
EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.1299 had completed at 1.0569 already, then further rally to...

EURUSD Daily Analysis – November 21, 2016

by ForexCycle.com | November 21, 2016 3:20 am
EURUSD’s downward movement from 1.1299 extended to as low as 1.0569. Resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and...

EURUSD Weekly Analysis – November 20, 2016

by ForexCycle.com | November 19, 2016 11:36 pm
EURUSD’s downward movement from 1.1299 extended to as low as 1.0569. Further decline to test 1.0462 (Mar 13, 2015 low) support is possible next week. A breakdown below this level will indicate that the long term downtrend...

EUR/USD Forecast November 21, 2016, Technical Analysis

by FX Empire | November 19, 2016 10:43 am
The EUR/USD pair fell on Friday as we continue to see quite a bit of bearish pressure. However, we are approaching the 1.05 level which should be massively supportive, so I’m waiting to see whether or not...

EUR/USD Forecast November 18, 2016, Technical Analysis

by FX Empire | November 18, 2016 6:20 am
The EUR/USD pair tried to rally at the open on Thursday but turned around to continue even lower. I believe that the EUR/USD pair will continue to grind all the way down to the 1.05 level, which...

EURUSD Daily Analysis – November 18, 2016

by ForexCycle.com | November 18, 2016 2:43 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462...

EUR/USD Forecast November 17, 2016, Technical Analysis

by FX Empire | November 17, 2016 8:01 am
The EUR/USD pair initially rallied on Wednesday but turned around to fall significantly, as we continue to drift down to the 1.05 level underneath. That is an area that has been massively supportive in the past, so...

EURUSD Daily Analysis – November 17, 2016

by ForexCycle.com | November 17, 2016 3:27 am
EURUSD’s downward movement from 1.1299 extended to as low as 1.0666. Further decline is still possible after a minor consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.0820 and 1.0900, as long...