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sdotwewen · 11-09-2006, 22:07

EURUSD is testing the resistance of price channel it may be bottoming on 4 hours chart key resistance is at 1.2739 a break above this level may label the cycle bottom at 1.2648. Key support is now at 1.2648 break below this level may signal the resumption of the down trend.

11-09-2006, 22:07	#99
sdotwewen level 2 Join Date: Apr 2006 Posts: 808 Downloads: 0 Uploads: 0 Rep Power: 3	Re: Forex Cycle Analysis EURUSD is testing the resistance of price channel it may be bottoming on 4 hours chart key resistance is at 1.2739 a break above this level may label the cycle bottom at 1.2648. Key support is now at 1.2648 break below this level may signal the resumption of the down trend.