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sdotwewen · 07-11-2006, 20:59

EURUSD is testing the resistance at 1.2829 (the day high of September 22), consolidation is needed before breaking above this level, and pullback towards 1.2680 can be expected in the next couple of days. For long term analysis, the pair is forming a side ways consolidation in a range between 1.2457 and 1.2978, up trend will resume after this consolidation, and further rise above 1.3000 level to reach the next cycle top on weekly chart can be seen in the next two months.

07-11-2006, 20:59	#6
sdotwewen level 2 Join Date: Apr 2006 Posts: 739 Downloads: 0 Uploads: 0 Rep Power: 3	Re: EURUSD long term analysis EURUSD is testing the resistance at 1.2829 (the day high of September 22), consolidation is needed before breaking above this level, and pullback towards 1.2680 can be expected in the next couple of days. For long term analysis, the pair is forming a side ways consolidation in a range between 1.2457 and 1.2978, up trend will resume after this consolidation, and further rise above 1.3000 level to reach the next cycle top on weekly chart can be seen in the next two months.