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sdotwewen · 28-11-2006, 22:17

EURUSD is in up trend and further rise towards 1.3350 level is still possible in the next several days. Near term support is at the up trend line (from 1.2524 to 1.2761), up trend will be contained well above the trend line support. For long term analysis, EURUSD will move higher to test the resistance at 1.3668 (the top of 2004), and more sharply rise can be expected in the next several weeks. We predict the next cycle top on weekly chart would be after January 2007.

28-11-2006, 22:17	#12
sdotwewen level 2 Join Date: Apr 2006 Posts: 739 Downloads: 0 Uploads: 0 Rep Power: 3	Re: EURUSD long term analysis EURUSD is in up trend and further rise towards 1.3350 level is still possible in the next several days. Near term support is at the up trend line (from 1.2524 to 1.2761), up trend will be contained well above the trend line support. For long term analysis, EURUSD will move higher to test the resistance at 1.3668 (the top of 2004), and more sharply rise can be expected in the next several weeks. We predict the next cycle top on weekly chart would be after January 2007.