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Old 02-05-2007, 00:42   #65
sdotwewen
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Re: EURUSD long term analysis

EURUSD formed a sideways consolidation in a range between 1.3540 1.3681. Further rise towards 1.3800 to reach the next cycle top on daily chart is still possible in the next several days. Near term resistance is at 1.3681 a break above this level will signal the resumption of the up trend. Key support is at 1.3540 a break below this level will signal the reversal to the up trend fall towards 1.3200 can be seen. For long term analysis EURUSD is moving higher to reach the next cycle top on weekly chart. The next cycle top is nearing now will appear in a couple of weeks.
http://www.forexcycle.com/eurusd.html
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