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sdotwewen · 31-10-2006, 20:54

EURUSD is now in up trend, and further rise above 1.2829 previous high to reach the next cycle top can be expected. Near term support is at 1.2660 level, and as long as this support holds, up trend will continue. Key support is at 1.2524, only break below this level may signal the reversal to the up trend. For long term analysis, the pair formed a side ways consolidation in a range between 1.2457 and 1.2978, the consolidation ended at 1.2483 low, and the up trend resumes. Further rise above 1.3000 level to reach the next cycle top on weekly chart can be seen in the next two months.

31-10-2006, 20:54	#3
sdotwewen level 2 Join Date: Apr 2006 Posts: 772 Downloads: 0 Uploads: 0 Rep Power: 3	Re: EURUSD long term analysis EURUSD is now in up trend, and further rise above 1.2829 previous high to reach the next cycle top can be expected. Near term support is at 1.2660 level, and as long as this support holds, up trend will continue. Key support is at 1.2524, only break below this level may signal the reversal to the up trend. For long term analysis, the pair formed a side ways consolidation in a range between 1.2457 and 1.2978, the consolidation ended at 1.2483 low, and the up trend resumes. Further rise above 1.3000 level to reach the next cycle top on weekly chart can be seen in the next two months.