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Old 24-07-2007, 23:17   #87 (permalink)
sdotwewen
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Re: EURUSD long term analysis

EURUSD is in up trend, the rise from 1.3262 extended to as high as 1.3851, further rise towards 1.3900 to reach the next cycle top on daily chart is still possible in the next several days. However, the next cycle top is nearing, key support is at 1.3750, a break below this level will signal consolidation to the up trend. For long term analysis, EURUSD bottomed at 1.3262 on weekly chart. Further rise towards 1.4500 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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