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sdotwewen · 05-12-2006, 21:16

No change in our view, EURUSD is in up trend and more sharply rise towards 1.3500 level is still possible in next several days, and any slightly corrections are the opportunity to take more long positions. Near term support is at 1.3150, only break below this level may signal the reversal to the up trend. For long term analysis, EURUSD would move above 1.3668 (the top of 2004) to meet the next cycle top on weekly chart and we predict the next cycle top would be after January 2007.

05-12-2006, 21:16	#14
sdotwewen level 2 Join Date: Apr 2006 Posts: 772 Downloads: 0 Uploads: 0 Rep Power: 3	Re: EURUSD long term analysis No change in our view, EURUSD is in up trend and more sharply rise towards 1.3500 level is still possible in next several days, and any slightly corrections are the opportunity to take more long positions. Near term support is at 1.3150, only break below this level may signal the reversal to the up trend. For long term analysis, EURUSD would move above 1.3668 (the top of 2004) to meet the next cycle top on weekly chart and we predict the next cycle top would be after January 2007.