EURUSD long term analysis

[sdotwewen]

Being contained by 1.5284 previous low support EURUSD rebounded 1.5302. The rise is treated as consolidation to down trend. Deeper decline to 1.5000 area is still possible down trend will be confirmed by breaking below 1.5284 level.

For long term analysis EURUSD broke below 1.5342 long term key support formed a long term cycle top at 1.6019 on weekly chart. Deeper decline to 1.4500 area to reach the next cycle bottom is expected after correction.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD is forming a cycle bottom at 1.5302 on daily chart. However the rise 1.5302 is treated as consolidation to down trend. Deeper decline is still possible after consolidation. A break below 1.5302 level will indicate that consolidation has completed pullback to 1.5000 area is expected to follow.

For long term analysis EURUSD broke below 1.5342 long term key support formed a long term cycle top at 1.6019 on weekly chart. Deeper decline to 1.4500 area to reach the next cycle bottom is expected after correction.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD formed a cycle bottom at 1.5302 on daily chart. Consolidation could be seen in a range between 1.5302 1.5843. A break below 1.5302 level will indicate that consolidation has completed pullback to 1.5000 area is expected to follow.

For long term analysis EURUSD formed a long term cycle top at 1.6019 on weekly chart. The price action 1.5284 is treated as consolidation to down trend. Deeper decline to 1.4500 area to reach the next cycle bottom is expected after consolidation.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD formed a cycle bottom at 1.5302 on daily chart. Further rise to test 1.6019 (Apr 22 high) could be seen in a couple of weeks. A break of 1.6019 level will indicate that the sideways consolidation in range between 1.5284 1.6019 has completed long term up trend has resumed. As long as 1.6019 resistance holds we'd expect down trend to resume pullback to retest 1.5284 previous low is possible.

For long term analysis EURUSD formed a long term cycle top at 1.6019 on weekly chart. The price action 1.5284 is treated as consolidation to down trend. Deeper decline to 1.4500 area to reach the next cycle bottom is expected after consolidation.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD is testing the previous high resistance at 1.5843 above this level we may see further rally to 1.5950. Long term resistance is located at 1.6019 rise above this level will indicate that sideways consolidation in a range between 1.5284 1.6019 has completed long term up trend has resumed. As long as the p stays below 1.6019 major resistance we'd expect down trend to resume pullback to retest 1.5284 is still possible.

For long term analysis EURUSD formed a long term cycle top at 1.6019 on weekly chart. The price action 1.5284 is treated as consolidation to down trend. Deeper decline to 1.4500 area to reach the next cycle bottom is expected after consolidation.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD broke above 1.5843 resistance reached 1.5908 only. The p might be forming a cycle top on daily chart the fall 1.5908 could possibly be resumption of down trend. Deeper decline to retest 1.5302 previous low support is now in favor. Initial resistance is at 1.5908 only break of this level will take price back to test 1.6019 long term resistance.

For long term analysis EURUSD formed a long term cycle top at 1.6019 on weekly chart. The price action 1.5284 is treated as consolidation to down trend. Deeper decline to 1.4500 area to reach the next cycle bottom is expected after consolidation.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD is forming a cycle top at 1.5908 on daily chart. Key support is located at 1.5535 level a break below this level will confirm the cycle top encourage further pullback to retest 1.5302 previous low support. Initial resistance is at 1.5908 only break of this level will take price back to test 1.6019 long term resistance.

For long term analysis EURUSD formed a long term cycle top at 1.6019 on weekly chart. The price action 1.5284 is treated as consolidation to down trend. Deeper decline to 1.4500 area to reach the next cycle bottom is expected after consolidation.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD broke above 1.5908 previous high resistance reached 1.5945 level. Further rise to test 1.6019 (Apr 22 high) is still possible next week a break above this level will take price to 1.6300 area. However as long as 1.6019 resistance holds we'd expect down trend to resume a break below the support of the up trend line 1.5302 to 1.5611 will signal resumption of down trend.

For long term analysis EURUSD formed a long term cycle top at 1.6019 on weekly chart. The price action 1.5284 is treated as consolidation to down trend. Deeper decline to 1.4500 area to reach the next cycle bottom is expected after consolidation.

http://www.forexcycle.com/content/blogsection/4/65/