EURUSD is bottoming at 1.2865 on daily chart, key resistance is now at 1.3014, a break above this level may confirm the cycle bottom. Further rally to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.2865, only break below this level may signal the resumption of the down trend, and further fall towards the up trend line from 1.1825 to 1.2483 (now at 1.2758) can be expected in the next several days.
http://www.forexcycle.com/eurusd.html