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sdotwewen · 16-01-2007, 22:43

EURUSD may be bottoming at 1.2865 on daily chart, key resistance is at 1.3050, and a break above this level may confirm the cycle bottom. Near term support is at 1.2865, break below this level indicate long term bearish movement is underway, and further fall towards the up trend line from 1.1825 to 1.2483 (now at 1.2747) can be expected in the next several days.

16-01-2007, 22:43	#24
sdotwewen level 2 Join Date: Apr 2006 Posts: 739 Downloads: 0 Uploads: 0 Rep Power: 3	Re: EURUSD long term analysis EURUSD may be bottoming at 1.2865 on daily chart, key resistance is at 1.3050, and a break above this level may confirm the cycle bottom. Near term support is at 1.2865, break below this level indicate long term bearish movement is underway, and further fall towards the up trend line from 1.1825 to 1.2483 (now at 1.2747) can be expected in the next several days.