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[badalshtat]

good luck ms sdotwewen ...

i see today mon The pair continues to trade around the 1.3300 double zeros with the immediate upside limited by the 1.3320 level ahead of 1.3350 and 1.3370. Initial support is seen at 1.3275 followed by the 1.3250 area.

[sdotwewen]

EURUSD is topping at 1.3364 on daily chart, it would form a sideways consolidation in a range between 1.3100 and 1.3350 in the next several days. Near term support is at 1.3129 previous low, and followed by the up trend line from 1.2524 to 1.2761. Only break below the trend line support may signal the reversal to the up trend. For long term analysis, the pair is forming a consolidation to the up trend, and further rise above 1.3668 (the top of 2004) to meet the next cycle top on weekly chart is still possible in the next several weeks. We predict the next cycle top on weekly chart would appear after January 2007.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

Key support at 1.3129 is broken below, EURUSD topped at 1.3364 on daily chart. Further fall towards 1.2950 level is still possible next week. Near term support is at the up trend line from 1.2524 to 1.2761, now at 1.3040. For long term analysis, the fall from 1.3364 is treated as in correction to the up trend, and rise above 1.3668 (the top of 2004) to reach the next cycle top on weekly chart is still possible in the next several weeks. We predict the next cycle top on weekly chart would appear after January 2007.

[sdotwewen]

EURUSD is bottoming at 1.3051 on daily chart, key resistance is at 1.3364, a break above this level may confirm the cycle top. Near term support is at the up trend line from 1.2524 to 1.2761. For long term analysis, the fall from 1.3364 to 1.3051 is treated as correction to the up trend, and rise above 1.3668 (the top of 2004) to reach the next cycle top on weekly chart is still possible in the next several weeks. We predict the next cycle top on weekly chart would appear after January 2007.

[sdotwewen]

EURUSD is forming a sideways consolidation in a range between 1.3051 and 1.3364. Further rally towards 1.3364 previous high can be expected next week. Near term support is at 1.3051, break below this level will indicate lengthier consolidation is underway and delay the resumption of up trend. For long term analysis, the pair is in consolidation of the up trend and further rise above 1.3668 (the top of 2004) to reach the next cycle top on weekly chart is still possible in the next several weeks. We predict the next cycle top on weekly chart would appear after January 2007.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD will form a sideways consolidation in a range between 1.3051 and 1.3364. Near term resistance is at 1.3244, if gives way, there are still chances of test previous high resistance at 1.3364 level. Near term support is at 1.3051, only break below this level will delay the resumption of up trend. For long term analysis, the pair is in consolidation of the up trend and further rise above 1.3668 (the top of 2004) to reach the next cycle top on weekly chart is still possible in the next several weeks. We predict the next cycle top on weekly chart would appear after January 2007.

[sdotwewen]

EURUSD broke below the previous low support at 1.3051 this Friday, further fall towards 1.2900 to reach the next cycle bottom is still possible next week, and the next cycle bottom is nearing. Near term resistance is at 1.3296, only break above this level may signal the resumption of the up trend. For long term analysis, the pair is in correction to the up trend, another sharply rise to towards the next cycle top on weekly chart can still be expected after this correction, and the next cycle top on weekly chart will appear after this month.

[sdotwewen]

EURUSD is in down trend, further fall towards 1.2800 to reach the next cycle bottom on daily chart is still possible next week and the next cycle bottom is nearing. Near term resistance is at 1.3050, break about this level implies that the pair is bottoming on daily chart. Key support is now at 1.2800, break below this level indicate long term bearish movement is underway, and further fall towards the up trend line from 1.1825 to 1.2483 (now at 1.2737) can be expected in the next several days.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD may be bottoming at 1.2865 on daily chart, key resistance is at 1.3050, and a break above this level may confirm the cycle bottom. Near term support is at 1.2865, break below this level indicate long term bearish movement is underway, and further fall towards the up trend line from 1.1825 to 1.2483 (now at 1.2747) can be expected in the next several days.

[sdotwewen]

EURUSD is bottoming at 1.2865 on daily chart, key resistance is now at 1.3014, a break above this level may confirm the cycle bottom. Further rally to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.2865, only break below this level may signal the resumption of the down trend, and further fall towards the up trend line from 1.1825 to 1.2483 (now at 1.2758) can be expected in the next several days.

http://www.forexcycle.com/eurusd.html

[sdotwewen]

Key resistance at 1.3014 is broken above, EURUSD bottomed at 1.2865 on daily chart. Further rise towards the top of the price channel to reach the next cycle top is possible in the next several days. Key support is at 1.2865 only break below this level may signal the resumption of the down trend. For long term analysis, EURUSD is in up trend, the fall from 1.9364 is treated as in correction to the up trend, and further rise above 1.9364 to reach the next cycle top on weekly chart can be expected next month.

[Trader02]

Originally Posted by sdotwewen

Key resistance at 1.3014 is broken above, EURUSD bottomed at 1.2865 on daily chart. Further rise towards the top of the price channel to reach the next cycle top is possible in the next several days. Key support is at 1.2865 only break below this level may signal the resumption of the down trend. For long term analysis, EURUSD is in up trend, the fall from 1.9364 is treated as in correction to the up trend, and further rise above 1.9364 to reach the next cycle top on weekly chart can be expected next month.

Your Excellency, EURUSD was seen booking a ticket to Argentina. Departure is expected soon, within hours or a few days. If however she finds herself at Tijuana station at 1.2915 today or tomorrow, then the southbound journey is already underway.

You should pack some cheese, bread and luncheon meats for the journey but don't pack any water as the journey south will be of the cascading waterfall type.

If 1.2915 still holds while I sleep, I will announce the departure time when I see it unfolding.

Stay tuned.

[sdotwewen]

EURUSD is topping at 1.3042 on daily chart, key support is at 1.2865, a break below this level will confirm the cycle top, and further fall towards 1.2750 can be expected in the next several days. Near term resistance is at 1.3042, only break above this level may signal the resumption of the up trend. For long term analysis, EURUSD may be in long term bearish movement, a break below the key support at 1.2865 indicate long term bearish movement is underway, and further fall towards 1.2500 level can be seen in the next several weeks.
http://www.forexcycle.com/eurusd.html

[Trader02]

Sire, you're making me dizzy with these reversals from bullish to bearish to bullish calls.

Anyway, 1.2915 was broken.

So are we going to dive or are we going to have one more rally on 1H and 4H?

The up move from Jan 12 is still lacking a wave c rally to complete the move.

Is this what might happen?

That is my call -- cautiously!!!

Phew!

[sdotwewen]

EURUSD traded in a narrow range between 1.2865 and 1.3042. Key resistance is at 1.3042, a break above this level will signal the resumption of the up trend, and further rise above 1.3364 level can be expected. On the other side, EURUSD may be in medium term bearish movement, and the rise from 1.2865 is treated as in correction to the down trend, and a break below 1.2876 will confirm such case. For long term analysis, the previous low support at 1.2865 is the most important level in our view. A break below this level indicates the long term bearish movement is underway and fall towards 1.2500 level to reach the next cycle bottom on weekly chart can be expected. On the other side, if 1.2865 support holds, rise above 1.3364 level to reach the next cycle top on weekly chart is still possible next month, and a break above 1.3042 level may confirm such case.