EURUSD broke above 1.5594 previous high resistance and is now in up trend. Further rebound to 1.5700 is expected in a couple of days. Near term support is at the up trend line from 1.5284 to 1.5419, as long as the trend line support holds, up trend will continue.
http://blog.forexcycle.com/766/daily...s-may-19-2008/