EURUSD long term analysis

[sdotwewen]

EURUSD is in down trend, the fall from 1.3681 extended to as low as 1.3391, and further decline towards 1.3370 to reach the next cycle bottom on daily chart is still possible next week. Near term resistance is at the down trend line from 1.3681 to 1.3609, key resistance is at 1.3519, a break above this level will signal consolidation to the down trend and rise towards 1.3609 previous high can be seen. For long term analysis, EURUSD is falling to the next cycle bottom on weekly chart, long term support is at the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low), fall towards the up trend line will more likely be seen in the next several weeks.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

Key resistance at 1.3519 is broken above, EURUSD bottomed at 1.3391 on daily chart. Further rise towards 1.3609 previous high to reach the next cycle top can be expected. However, the rise from 1.3391 is treated as correction to the down trend, and fall below 1.3391 can be seen after correction. For long term analysis, EURUSD is falling to the next cycle bottom on weekly chart, long term support is at the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low), fall towards the up trend line will more likely be seen in the next several weeks.

[sdotwewen]

The correction from 1.3391 completed, EURUSD topped at 1.3553 on daily chart. Further fall towards 1.3200 area can be expected. Near term resistance is at the down trend line from 1.3681 to 1.3553, as long as the trend line resistance holds, down trend will continue. For long term analysis, EURUSD is falling to the next cycle bottom on weekly chart, long term support is at the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low), fall towards the up trend line can be seen in the next several weeks.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD is in down trend, the fall from 1.3681 extended to as low as 1.3286. More sharply fall towards 1.3200 can be seen in the next several days. Near term resistance is at the down trend line from 1.3681 to 1.3553, as long as the trend line resistance holds, down trend will continue. For long term analysis, EURUSD is falling to the next cycle bottom on weekly chart, long term support is at the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low), fall below the trend line support will more likely be seen and long term target will be above 1.2865.

[sdotwewen]

EURUSD is in down trend, the rise from 1.3263 is treated as consolidation to the down trend. Further fall towards 1.3200 is still in favor after consolidation. Near term resistance is at 1.3450 and followed by the down trend line from 1.3681 to 1.3553, only break above the trend line resistance will signal the reversal to the down trend. For long term analysis, EURUSD is falling to the next cycle bottom on weekly chart, long term support is at the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low), fall below the trend line support will more likely be seen and long term target will be above 1.2865.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

No changed in our view, EURUSD is in down trend, the rise from 1.3263 is treated as consolidation to the down trend. Further fall towards 1.3200 is still in favor after consolidation. Near term resistance is at the down trend line from 1.3681 to 1.3553, now at 1.3500, only break above the trend line resistance will signal the reversal to the down trend. For long term analysis, EURUSD is falling to the next cycle bottom on weekly chart, long term support is at the up trend line from 1.1825 (Feb 27, 2006 low) to 1.2483 (Oct 13, 2006 low), fall below the trend line support will more likely be seen and long term target will be above 1.2865.

[sdotwewen]

EURUSD bottomed at 1.3263 (50% of the rise from 1.2865 to 1.3681) on daily chart. Further rise above 1.3553 previous high can be seen next week. Near term support is at 1.3370 followed by 1.3263, only break below 1.3263 will signal the resumption of the down trend. For long term analysis, the pair will form a sideways consolidation in a range between 1.3263 and 1.3681 in the next several weeks, and break below 1.3263 to reach the next cycle bottom on weekly chart is still possible by the end of the consolidation.http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD is in up trend, the rise from 1.3263 extended to as high as 1.3541. Further rise towards 1.3681 (April high) is expected to follow next week. Near term support is at 1.3414, as long as this support holds, up trend will continue. For long term analysis, EURUSD is bottoming at 1.3263 on weekly chart, key resistance is at 1.3553, a break above this level will confirm the cycle bottom and signal the resumption of the long term up trend, the long term target will be at 1.4000 level.