17-10-2007, 11:42
|
#113 (permalink)
|
|
level 1
Join Date: Apr 2006
Posts: 27
Rep Power: 0
|
Re: EURUSD long term analysis
Quote:
|
Originally Posted by sdotwewen
EURUSD is forming a consolidation to the up trend. It would move lower to reach its cycle bottom and this cycle bottom would appear after August 22. The target of the cycle bottom would be above 1.2559 level. For long term analysis, EURUSD is in a bullish movement, and this bullish movement would last several months, the target would be above 1.3500.
http://www.forexcycle.com/eurusd.html |
AGREED, This also goes along with Common Sense. The US Economy is, for lack of a better word F%@KED. The Currencies Traded against the US dollar are going to be moving up while the dollar declines. Happy Trading...
|
|
|