Forex Analysis

The EUR/USD currency pair is currently navigating a critical phase as it faces resistance at the top of a falling price channel on the 4-hour chart. Let’s break down what this means for traders and investors in the coming days. At present, the bounce back from the 1.0496 level can be interpreted as a consolidation…

EUR/USD has extended its downside move from 1.0936 to as low as 1.0550. The key resistance is now at 1.0653. As long as this level holds, the downside move could be expected to continue, with the next target around the 1.0530 area. Below this level, the next aim would be the 1.0450 area. The initial…

The EUR/USD currency pair has recently broken below the crucial support level of 1.0682, marking a significant downward shift from its earlier position at 1.0936. This decline has seen the pair reach a low of 1.0628, and there’s a strong possibility that further dips could occur in the coming days. As we look ahead, the…

The EUR/USD currency pair has recently encountered some challenges in its attempt to push past resistance at 1.0831. Currently, it appears to be testing the support level around 1.0682, which previously acted as a low for the pair. If EUR/USD breaks below this critical 1.0682 support, it could signal a resumption of the recent downward…

The EUR/USD currency pair has recently seen a notable decline, dropping from a high of 1.0936 to a low of 1.0682. After hitting this low, the pair experienced a bounce back, climbing to 1.0824. However, it’s currently facing resistance at the 1.0831 level. If the price manages to break through this resistance, we could see…

The EUR/USD currency pair has been on an interesting journey lately. After climbing from a low of 1.0761 to a peak of 1.0936, the pair has experienced a notable pullback. This decline has taken the price down to 1.0821, breaking through the key support level at 1.0831. This movement suggests that the recent bullish trend…

The EUR/USD currency pair has been on an upward trajectory lately, climbing from a low of 1.0761 to a peak of 1.0914. This bullish movement indicates that there may still be potential for further gains in the coming days. Looking ahead, the next target for this upward trend appears to be around the 1.0930 mark,…

The EUR/USD currency pair has been on a notable upward trajectory, climbing from a low of 1.0761 to a peak of 1.0905. This impressive movement has traders and analysts closely monitoring the market for further developments. Currently, the key support level to watch is positioned at 1.0831. As long as this support remains intact, we…

The EUR/USD currency pair is currently encountering resistance at the 1.0870 level. Traders should keep a close eye on this point, as a breakout above it could pave the way for further gains, potentially pushing the price up to the next resistance level around 1.0930. On the flip side, initial support can be found at…

After testing the crucial support level at 1.0761, EUR/USD has successfully held its ground and failed to break below this point. This resilience suggests that the recent downward trend from the peak of 1.1213 may have come to an end at 1.0761. In a positive turn, EUR/USD has also broken above the resistance level of…

The EUR/USD currency pair is currently testing a significant resistance level at 1.0839. This point is crucial because if the price breaks through, it could signal the end of the recent downward trend that started from 1.1213 and found support at 1.0761. Should we see a breakout above 1.0839, the next target would be the…

The EUR/USD currency pair has been on a notable downward swing, extending its decline from the previous level of 1.1213 down to as low as 1.0761. For traders and investors keeping a close eye on this major forex pair, understanding the key resistance and support levels is crucial for making informed decisions. Current Market Movement…