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sdotwewen · 11-11-2006, 21:40

The precious high resistance at 1.2829 is broken above, EURUSD is in up trend, and further rise higher to test 1.2937 (the day high of August 21) is possible next week. Near term support is at the up trend line, and the key support is at 1.2681, only break below the key support may signal the reversal to the up trend. For long term analysis, EURUSD has bottomed at 1.2483 on weekly chart, it will move higher above 1.3000 to reach the next cycle top on weekly chart in the next two months.

11-11-2006, 21:40	#7
sdotwewen level 2 Join Date: Apr 2006 Posts: 739 Downloads: 0 Uploads: 0 Rep Power: 3	Re: EURUSD long term analysis The precious high resistance at 1.2829 is broken above, EURUSD is in up trend, and further rise higher to test 1.2937 (the day high of August 21) is possible next week. Near term support is at the up trend line, and the key support is at 1.2681, only break below the key support may signal the reversal to the up trend. For long term analysis, EURUSD has bottomed at 1.2483 on weekly chart, it will move higher above 1.3000 to reach the next cycle top on weekly chart in the next two months.