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Old 16-10-2007, 23:50   #112 (permalink)
sdotwewen
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Re: EURUSD long term analysis

EURUSD is in sideways consolidation to the up trend, pullback towards the up trend line from 1.3360 to 1.3550 is still possible in the next several days. Near term support is at 1.4014, key resistance is at 1.4281, a break above 1.4281 level will signal the resumption of the up trend, and further rise towards 1.4500 is expected to follow. 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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