EURUSD long term analysis

[sdotwewen]

Being supported by the up trend line from 1.3550 to 1.4125, EURUSD rebounded from 1.4620. Sideways consolidation in a range between 1.4620 and 1.4966 is possible in the next several days. Key resistance is at 1.4966, a break of this level would signal the resumption of the up trend. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.6000 to reach the next cycle top on weekly chart can be seen.
http://www.forexcycle.com

[sdotwewen]

EURUSD fell below the support of the up trend line from 1.3550 to 1.4125, and rebounded from 1.4524 level. Sideways consolidation in a range between 1.4524 and 1.4966 can be expected next week. Key resistance is at 1.4966, a break of this level would signal the resumption of the up trend. For long term analysis, EURUSD is in consolidation to the long term bullish movement, and further rise towards 1.6000 to reach the next cycle top on weekly chart can be seen after consolidation.
http://www.forexcycle.com

[sdotwewen]

EURUSD might be forming a cycle bottom at 1.4524 on daily chart. Key resistance is now at 1.4770, a break of this level would confirm the cycle bottom, and further rise towards 1.4966 is expected to follow. Near term support is at 1.4524, only fall below this level would indicate lengthier correction to the up trend, and delay the resumption of the up trend. For long term analysis, EURUSD is in consolidation to the long term bullish movement, and further rise towards 1.6000 to reach the next cycle top on weekly chart can be seen after consolidation.
http://www.forexcycle.com

[sdotwewen]

EURUSD broke below 1.4524 previous low support and reached as low as 1.4410. Further decline towards 1.4000 area is still possible. Near term resistance is at the down trend line and followed by 1.4750, as long as 1.4750 resistance holds, down trend will continue. For long term analysis, EURUSD is in consolidation to the long term bullish movement, and further rise towards 1.6000 to reach the next cycle top on weekly chart is still in favor after consolidation.
http://www.forexcycle.com

[sdotwewen]

EURUSD’s down trend remains and the fall from 1.4966 extended to as low as 1.4331. Further decline towards 1.4000 area is expected. Near term resistance is at the down trend line from 1.4966 to 1.4750, now at 1.4670, as long as the trend line resistance holds, we’d expect down trend to continue. For long term analysis, the pair formed a long term cycle top at 1.4966 on weekly chart. Down trend is expected to follow, long term target would be at 1.2950, followed by 1.2150.
http://www.forexcycle.com

[sdotwewen]

EURUSD's down trend extended further to as low as 1.4309 level. As long as the down trend line from 1.4966 to 1.4750 resistance holds, we'd expect down trend to continue, and further pullback towards 1.4000 area to reach the next cycle bottom on daily chart is still possible. For long term analysis, the pair formed a long term cycle top at 1.4966 on weekly chart. Down trend is expected to follow, long term target would be at 1.2950, followed by 1.2150.
http://www.forexcycle.com

[sdotwewen]

EURUSD is in down trend. The rebound from 1.4309 is treated as consolidation to the down trend. Further rise to test the resistance of the down trend line from 1.4966 to 1.4750 is expected. Near term support is at 1.4309, a break below this level will signal the resumption of the down trend. For long term analysis, the pair formed a long term cycle top at 1.4966 on weekly chart. Down trend is expected to follow, long term target would be at 1.2950, followed by 1.2150.
http://www.forexcycle.com

[sdotwewen]

EURUSD broke above the resistance of the down trend line from 1.4966 to 1.4750, and formed a cycle bottom at 1.4309 on daily chart. Further rise above 1.4966 to reach the next cycle top is still possible. Key support is at 1.4309, only fall below this level will signal the resumption of the down trend. For long term analysis, the pair is in consolidation of the long term up trend. Rise above 1.4966 previous high to reach the next long term cycle top on weekly chart is still in favor.
http://www.forexcycle.com