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Euro Stalls at Key Trendline Resistance Against US Dollar The EURUSD currency pair has staged an impressive rally from the 1.0600 low, breaking above the 1.0752 resistance level and extending its upside move to test the falling trendline resistance visible on the 4-hour chart. However, the pair has so far failed to break through this key trendline barrier, pulling back from the 1.0811 high. …
https://www.forexcycle.com/sho....rt-term-forex-analys


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British Pound Stages Bullish Breakout Against US Dollar The GBPUSD currency pair has broken out above the falling trendline resistance visible on the 4-hour chart. This technical breakout suggests that the recent downside move from the 1.2893 high has likely completed at the 1.2299 low. Uptrend Taking Shape After Breakout Following the bullish breakout above trendline resistance, the GBPUSD has established a new …
https://www.forexcycle.com/sho....rt-term-forex-analys


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Australian Dollar Surges Higher, But Consolidation May Be Ahead The AUDUSD currency pair has broken out above the 0.6586 resistance level, extending its impressive upside move from the 0.6361 low to a high of 0.6646 in recent trading sessions. The pair is now trading within the confines of a rising price channel visible on the 4-hour chart. Uptrend Remains Intact Within Channel As long …
https://www.forexcycle.com/sho....rt-term-forex-analys


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