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EURUSD formed a sideways consolidation in a range between 1.3540 and 1.3681. Further rise towards 1.3800 to reach the next cycle top on daily chart is still possible in the next several days. Near term resistance is at 1.3681, a break above this level will signal the resumption of the up trend. Key support is at 1.3540, a break below this level will signal the reversal to the up trend, and fall towards 1.3200 can be seen. For long term analysis, EURUSD is moving higher to reach the next cycle top on weekly chart. The next cycle top is nearing now, and will appear in a couple of weeks. http://www.forexcycle.com/eurusd.html
Key support at 1.3540 is broken below, EURUSD topped at 1.3681 on daily chart. Further fall towards the bottom of the price channel can be expected in the next several days. Near term resistance is at 1.3681, only break above this level will signal the resumption of the up trend. For long term analysis, the pair is topping at 1.3681 on weekly chart, and the up trend from 1.2865 (Jan 12 low) might finished at 1.3681. Key support is at the rising price channel, a break below the channel support will confirm the cycle top, and the pair will find support at the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low).
EURUSD topped at 1.3681 on daily chart. Sharply fall towards 1.3250 area can be expected in the next several days. Near term resistance is at 1.3681, only break above this level will signal the resumption of the up trend. For long term analysis, the pair is topping at 1.3681 on weekly chart, and the up trend from 1.2865 (Jan 12 low) might finished at 1.3681. Key support is at the rising price channel, a break below the channel support will confirm the cycle top, and the pair will find support at the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low). http://www.forexcycle.com/eurusd.html
EURUSD is in down trend, the rise from 1.3481 is treated as in correction to the down trend. Further fall towards 1.3250 level can be expected, and a break below 1.3481 will confirm such case. Key resistance is at 1.3681, only break above this level will signal the resumption of the up trend. For long term analysis, the pair topped at 1.3681 on weekly chart, and the rise from 1.2865 (Jan 12 low) completed at 1.3681 level. Further fall towards the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low) to reach the next cycle bottom on weekly chart can be seen in the next several weeks.
EURUSD pulled back from 1.3609, further fall towards 1.3250 can be expected next week and a break below 1.3481 previous low will signal the resumption of the down trend. Near term resistance is at 1.3609 and key resistance is at 1.3681, only break above the key resistance will signal the resumption of the up trend. For long term analysis, the pair topped at 1.3681 on weekly chart, and the rise from 1.2865 (Jan 12 low) completed at 1.3681 level. Further fall towards the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low) to reach the next cycle bottom on weekly chart can be seen in the next several weeks. http://www.forexcycle.com/eurusd.html
EURUSD broke below the previous low support at 1.3461. Further fall towards 1.3250 can be expected. Near term resistance is at 1.3609 and key resistance is at 1.3681, only break above the key resistance will signal the reversal to the down trend. No changed in our long term view. The pair topped at 1.3681 on weekly chart, and the rise from 1.2865 (Jan 12 low) completed at 1.3681 level. Further fall towards the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low) to reach the next cycle bottom on weekly chart can be seen in the next several weeks.
EURUSD is in down trend. The fall from 1.3681 extended to as low as 1.3411, further decline towards 1.3250 to reach the next cycle bottom on daily chart is still possible. Near term resistance is at the down trend line from 1.3681 to 1.3609, only break above the trend line resistance will signal the reversal to the down trend. No changed in our long term view. The pair topped at 1.3681 on weekly chart, and the rise from 1.2865 (Jan 12 low) completed at 1.3681 level. Further fall towards the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low) to reach the next cycle bottom on weekly chart can be seen in the next several weeks. http://www.forexcycle.com/eurusd.html
EURUSD is in down trend, the rise from 1.3411 is treated as consolidation to the down trend. Further decline towards 1.3250 to reach the next cycle bottom on daily chart can be expected and a break below 1.3411 level will signal the resumption of the down trend. Near term resistance is at the down trend line from 1.3681 to 1.3609, and as long as the trend line resistance holds, down trend will continue. No changed in our long term view. The pair topped at 1.3681 on weekly chart, and the rise from 1.2865 (Jan 12 low) completed at 1.3681 level. Further fall towards the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low) to reach the next cycle bottom on weekly chart can be seen in the next several weeks.
Linear Mode
