EURUSD
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EUR/USD at a Crossroads: Trend Line Resistance Holds the Key
The EUR/USD currency pair is once again facing the resistance of the falling trend line on the 4-hour chart. This trend line has proven to be a significant hurdle for the pair, and its ability to break through this resistance will likely determine the near-term direction. As long as the trend line resistance holds firm,…
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EURUSD Faces Critical Juncture After Testing Trend Line Resistance
The EUR/USD currency pair has recently witnessed a significant development, breaking above the 1.0752 resistance level and extending its upside move from the 1.0600 level towards the falling trend line on the 4-hour chart. However, the pair’s attempt to break through this trend line resistance has been met with selling pressure, resulting in a pullback…
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EURUSD Faces Key Resistance, Downside Risks Linger
The EUR/USD currency pair is currently facing resistance at the 1.0752 level. A decisive break above this level could potentially trigger further upside momentum, potentially paving the way for a move towards the falling trend line on the 4-hour chart. However, it’s important to note that as long as the falling trend line resistance holds…
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EURUSD Breaks Below Channel, Downside Risks Emerge
The EUR/USD currency pair has broken below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside move from the 1.0600 level has likely completed at the 1.0752 high. This development could potentially pave the way for further declines in the coming days. The next target for the EUR/USD bears…
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Euro Remains Bullish Against US Dollar, But Faces Key Resistance
The EUR/USD currency pair continues to trade within a rising price channel on the 4-hour chart, suggesting the short-term uptrend from the 1.0600 level remains intact. As long as the price respects the boundaries of this channel, the upside momentum could persist, with the next target area being 1.0800. However, the pair faces a significant…
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EURUSD Extends Rally, But Broader Downtrend Risks Remain
The EURUSD currency pair has seen its bullish momentum accelerate, with the recent upside move from the 1.0600 low extending all the way up to 1.0752 so far. This advance has pushed the pair into a newly-formed rising price channel visible on the 4-hour chart timeframe. As long as EURUSD remains contained within this bullish…
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EURUSD Breaks Resistance, Correction Higher Underway
The EURUSD currency pair has made a bullish technical break by surging above the 1.0689 resistance level. With the pair reaching as high as 1.0713 so far, this move suggests that a corrective rebound within the broader downtrend from the 1.0981 peak is now underway. With the breakout confirming the corrective upside bias in the…
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EURUSD Consolidates, Watching Key Breakout Levels
The EURUSD currency pair has been trading within a relatively tight range over the past several sessions, oscillating between support at 1.0600 and resistance around 1.0689. This sideways price action is likely serving as a consolidation phase within the broader downtrend from the 1.0981 high set earlier this year. While the consolidative, range-bound environment has…
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EURUSD Breaks Resistance, Further Upside Potential Emerges
The EURUSD currency pair has made a bullish technical break by surging above the 1.0670 resistance level. This move suggests that the short-term downtrend from the 1.0884 high may have already found a bottom around the 1.0600 low. With the breakout above 1.0670, the current rebound off the 1.0600 low could now be seen as…
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Euro Extends Slide Against US Dollar
The EURUSD currency pair has continued its downward trajectory, falling from 1.0981 to a low of 1.0622 in recent trading sessions. Technical analysis suggests the bearish momentum may not be over yet. Further Declines Likely After a brief period of consolidation, further declines toward the 1.0550 area appear possible for the EURUSD pair. Sellers remain…
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EURUSD Breaks Support After Failing at Trendline Resistance
The EURUSD currency pair was unable to break through a key falling trendline resistance visible on the 4-hour chart timeframe. After hitting that resistance around the 1.0884 level, the pair has dropped sharply lower, breaking down beneath the 1.0790 support area in the process. This bearish breakdown has now brought the EURUSD towards another important…
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EURUSD Tests Trend Line Resistance, What’s Next?
The EURUSD currency pair recently rallied up to test the resistance of a falling trendline visible on the 4-hour chart timeframe. However, the pair has since pulled back from its high around the 1.0884 level. Traders will be watching to see if the EURUSD can muster enough strength for another push higher to retest that…