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Old 03-07-2007, 22:51   #81
sdotwewen
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Re: EURUSD long term analysis

EURUSD's up trend from 1.3263 extended to as high as 1.3637, further rise above 1.3681 previous high will be seen after a slightly consolidation. Near tem support is at 1.3500, as long as this support holds, up trend will continue. For long term analysis, EURUSD broke above the key resistance at 1.3553 and bottomed at 1.3263 level on weekly chart. Further rise towards 1.4000 to reach the next cycle top on weekly chart is expected to follow in the next several weeks.
http://www.forexcycle.com/eurusd.html
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