View Single Post
Old 08-05-2007, 23:05   #67
sdotwewen
level 2
 
Join Date: Apr 2006
Posts: 808
Downloads: 0
Uploads: 0
Rep Power: 3sdotwewen is on a distinguished road
Re: EURUSD long term analysis

EURUSD topped at 1.3681 on daily chart. Sharply fall towards 1.3250 area can be expected in the next several days. Near term resistance is at 1.3681 only break above this level will signal the resumption of the up trend. For long term analysis the p is topping at 1.3681 on weekly chart the up trend 1.2865 (Jan 12 low) might finished at 1.3681. Key support is at the rising price channel a break below the channel support will confirm the cycle top the p will find support at the up trend line 1.1825 (Feb 27 2006 low) to 1.2483 (Oct 13 2006 low).
http://www.forexcycle.com/eurusd.html
sdotwewen is offline   Reply With Quote