EURUSD long term analysis

[PLATNM456]

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...

[sdotwewen]

EURUSD broke above 1.4281 key resistance and up trend resumed. Further rise towards 1.4500 area to reach the next cycle top can be seen. Near term support is at 1.3550 to 1.4014, and key support is at 1.4014, only break below this level will signal the reversal to the up trend. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.4500 to reach the next cycle top on weekly chart can be seen.
http://www.forexcycle.com/eurusd.html

[PLATNM456]

I love it, Trade away. There are so many opportunities here in the EURUSD trading arena that can make so many so much. Keep up the good work.

[sdotwewen]

EURUSD broke below the up trend line from 1.3550 to 1.4014, sideways consolidation will more likely be seen in the next several days, and pullback towards 1.4014 previous low is still possible. Near term resistance is at 1.4348, a break above this level will signal the resumption of the up trend. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.4500 to reach the next cycle top on weekly chart can be seen.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD is in up trend. The rise from 1.3360 extended to as high as 1.4503. Near term resistance is at price channel on weekly chart, now at 1.4550, if gives way, further rise towards 1.4600 can be seen in the next several days. Near term support is at the up trend line from 1.3550 to 1.4125, and as long as the trend line support holds, up trend will continue. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.5000 to reach the next cycle top on weekly chart can be seen.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD is in up trend, as long as the trend line (from 1.3550 to 1.4125) support holds, we’d expect rally to continue and firm break of 1.4600 will encourage further rally towards 1.5000. On the other side, the pair reached to the top of the price channel on weekly chart, pullback towards 1.4000 area is still possible, and a break below the up trend line from 1.3550 to 1.4125 will confirm such case. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.5000 to reach the next cycle top on weekly chart can be seen.
http://www.forexcycle.com/eurusd.html

[pipsrus]

hi sdotwewen - just wanted to alert you that this link -

http://www.forexcycle.com/eurusd.html
is not working. A message comes up stating cpu is maxed out.

[sdotwewen]

EURUSD is in up trend. The rise from 1.3360 extended to as high as 1.4662. Further rise towards 1.5000 is still possible in the next several days. Near term support is at the up trend line from 1.3550 to 1.4125, and as long as the trend line support holds, up trend will continue. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.5000 to reach the next cycle top on weekly chart can be seen.
http://www.forexcycle.com/eurusd.html