EURUSD long term analysis

[sdotwewen]

EURUSD pulled back from 1.2899 after meeting the trend line resistance (from 1.2978 to 1.2937), and is topping on 4 hours chart. Further fall below 1.2760 to reach the next cycle bottom can be expected in next two weeks. Key resistance is at 1.2899, a break above this level may signal the resumption of the up trend. For long term analysis, the fall from 1.2899 is treated as in correction to the up trend, and further rise above 1.2978 previous high to reach the next cycle top on weekly chart can be seen in the next two months.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD is topping on daily chart, and further fall below 1.2761 to reach the next cycle bottom can be expected in next two weeks. Key resistance is at 1.2899, a break above this level may signal the resumption of the up trend. For long term analysis, the fall from 1.2899 is treated as in correction to the up trend, and further rise above 1.2978 previous high to reach the next cycle top on weekly chart can be seen in the next two months.

[sdotwewen]

As expected, EURUSD broke above the trend line resistance (from 1.2978 to 1.2937) and move above 1.3000. The pair is now in up trend, and more sharply rise towards 1.3300 level can be expected in next two weeks. Near term support is at the up trend line (from 1.2524 to 1.2761), up trend will be contained well above the trend line support. For long term analysis, EURUSD will move higher to testing the resistance at 1.3668 (the top of 2004), we predict the next cycle top on weekly chart would be after January 2007.

[sdotwewen]

EURUSD is in up trend and further rise towards 1.3350 level is still possible in the next several days. Near term support is at the up trend line (from 1.2524 to 1.2761), up trend will be contained well above the trend line support. For long term analysis, EURUSD will move higher to test the resistance at 1.3668 (the top of 2004), and more sharply rise can be expected in the next several weeks. We predict the next cycle top on weekly chart would be after January 2007.

[sdotwewen]

EURUSD is in up trend and more sharply rise towards 1.3500 level is still possible next week. Near term support is at 1.3150, only break below this level may signal the reversal to the up trend. For long term analysis, EURUSD would move above 1.3668 (the top of 2004) to meet the next cycle top on weekly chart and we predict the next cycle top would be after January 2007.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

No change in our view, EURUSD is in up trend and more sharply rise towards 1.3500 level is still possible in next several days, and any slightly corrections are the opportunity to take more long positions. Near term support is at 1.3150, only break below this level may signal the reversal to the up trend. For long term analysis, EURUSD would move above 1.3668 (the top of 2004) to meet the next cycle top on weekly chart and we predict the next cycle top would be after January 2007.

[sdotwewen]

EURUSD is topping on daily chart, the fall from 1.3364 is treated as in correction to the up trend, and further fall towards 1.3100 level is possible next week. Near term support is at 1.3160 and followed by 1.3100. Key resistance is now at 1.3364, a break above this level may signal the resumption of the up trend. For the long term analysis, EURUSD would move above 1.3668 (the top of 2004) to meet the next cycle top on weekly chart and the next cycle top would appear after January 2007.

[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.