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sdotwewen · 07-04-2007, 00:38

EURUSD broke above 1.3410 pulled back 1.3441. Further fall towards 1.3253 previous low is still possible in the next several days The next cycle top is nearing a break below 1.3253 level will confirm the cycle top at 1.3441 on daily chart. Near term resistance is at 1.3441 only break above this level will delay the reversal to the up trend. For long term analysis the p is topping at 1.3441 on weekly chart the up trend 1.2865 (the day low of Jan 12) may finished at 1.3441 fall towards 1.2865 previous low can be expected in the next several weeks a break below 1.3070 key support will confirm such case.

07-04-2007, 00:38	#58
sdotwewen level 2 Join Date: Apr 2006 Posts: 808 Downloads: 0 Uploads: 0 Rep Power: 3	Re: EURUSD long term analysis EURUSD broke above 1.3410 pulled back 1.3441. Further fall towards 1.3253 previous low is still possible in the next several days The next cycle top is nearing a break below 1.3253 level will confirm the cycle top at 1.3441 on daily chart. Near term resistance is at 1.3441 only break above this level will delay the reversal to the up trend. For long term analysis the p is topping at 1.3441 on weekly chart the up trend 1.2865 (the day low of Jan 12) may finished at 1.3441 fall towards 1.2865 previous low can be expected in the next several weeks a break below 1.3070 key support will confirm such case.