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Old 10-10-2007, 00:21   #110 (permalink)
sdotwewen
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Re: EURUSD long term analysis

EURUSD is in up trend, the fall from 1.4281 is treated as consolidation to the up trend, further rise towards 1.4500 is still possible after consolidation, and a break above 1.4281 previous high will signal the resumption of the up trend. Near term support is at the up trend line from 1.3360 to 1.3550, as long as the trend line support holds, up trend will continue. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.4500 to reach the next cycle top on weekly chart can be seen.
http://www.forexcycle.com/eurusd.html
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