EURUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:05 am
EURUSD has indeed broken above the resistance of the falling trend line on the 4-hour chart. With this breakout, there is a potential for further upside movement in the pair, with the next target being the 1.1047...

EURUSD Daily Analysis – August 9, 2023

by ForexCycle.com | August 9, 2023 1:23 am
EURUSD has been moving sideways within a trading range between 1.0912 and 1.1047. As long as the price remains below the trend line resistance, the sideways movement could be considered as consolidation within the ongoing downtrend from...

EURUSD Daily Analysis – August 8, 2023

by ForexCycle.com | August 8, 2023 10:00 am
EURUSD failed to break above the falling trend line on the 4-hour chart and has been trading sideways in a range between 1.0912 and 1.1047. As long as the price remains below the trend line, the sideways...

EURUSD Daily Analysis – August 7, 2023

by ForexCycle.com | August 7, 2023 8:37 am
EURUSD is currently encountering the resistance of the falling trend line on the 4-hour chart. As long as the price remains below the trend line resistance, the bounce from 1.0912 could be viewed as a consolidation phase...

EURUSD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:48 am
EURUSD is in a long-term uptrend from 0.9535, and the price action from 1.1032 can be seen as a consolidation phase within this uptrend. The rising trend line on the weekly chart is a key support level...

EURUSD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 2:15 am
EURUSD is currently below a descending trend line on the 4-hour chart, indicating its continued downtrend from 1.1275. The price has extended its fall to as low as 1.0912. As long as the resistance of the trend...

EURUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 12:47 am
EURUSD has broken below the support level at 1.0943 and has continued its downward movement from 1.1275, reaching as low as 1.0917. As long as the price remains below the descending trend line on the 4-hour chart,...

EURUSD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:17 am
EURUSD has been trading within a range between 1.0943 and 1.1047, displaying a sideways movement. As long as the price remains below the descending trend line on the 4-hour chart, it is likely that the sideways movement...

EURUSD Daily Analysis – August 1, 2023

by ForexCycle.com | August 1, 2023 6:43 am
The EURUSD pair remains entrenched in a downtrend, stemming from 1.1275. The recent bounce from 1.0943 is likely a period of consolidation within the overall downtrend. As long as the price stays below the falling trend line...

EURUSD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 1:41 am
The EURUSD pair is currently remaining below a falling trend line on the 4-hour chart. This suggests that the pair is still entrenched in a downtrend that originated from 1.1275. As long as the trend line resistance...