EURUSD is topping at 1.3364 on daily chart, it would form a sideways consolidation in a range between 1.3100 and 1.3350 in the next several days. Near term support is at 1.3129 previous low, and followed by the up trend line from 1.2524 to 1.2761. Only break below the trend line support may signal the reversal to the up trend. For long term analysis, the pair is forming a consolidation to the up trend, and further rise above 1.3668 (the top of 2004) to meet the next cycle top on weekly chart is still possible in the next several weeks. We predict the next cycle top on weekly chart would appear after January 2007.
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