EURUSD is testing the previous high resistance at 1.3668 (the day high of Dec 30, 2004), if gives way, further rise towards 1.3750 to reach the next cycle top on daily chart can be expected. Key support is at 1.3540, a break below this level will signal the reversal to the up trend and the pair will find support at the bottom of the price channel. for long term analysis, EURUSD is moving higher towards 1.3668 (the day high of Dec 30, 2004) previous high to reach the next cycle top on weekly chart, slightly break above 1.3668 level is still possible, and the next cycle top on weekly chart will appear after breaking above this level.
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