EURUSD long term analysis

[sdotwewen]

EURUSD rises sharply to as high as 1.5238 level. Further rally to 1.5400 area to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.5050 and followed by 1.4950. As long as 1.5050 support holds, we'd expect up trend to continue, only break of 1.4950 level will indicate that the up trend from 1.4438 has completed. For long term analysis, EURUSD is moving to the next cycle top on weekly chart, and the next cycle top is nearing. Long term key support is now at 1.4438, a break below this level will indicate that the long term up trend from 1.1639 (Nov 2005 low) has completed, and pull back to 1.4000 area is expected to follow. http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD's up trend remains. Further rally to 1.5400 area to reach the next cycle top on daily chart is still possible and the next cycle top is nearing. Key support is at 1.4950, a break of this level will confirm the cycle top and indicate that the up trend from 1.4438 has completed.

For long term analysis, EURUSD is moving to the next long term cycle top on weekly chart, and the next cycle top is nearing. Long term key support is now at 1.4438, a break below this level will indicate that the long term up trend from 1.1639 (Nov 2005 low) has completed, and pull back to 1.4000 area is expected to follow.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD's uptrend extends to as high as 1.5463 level. Further rise to 1.5600 area to reach the next cycle top on daily chart is still possible. However, the next cycle top is nearing. The key support is now at 1.5345, a breakdown of this level will confirm the cycle top and indicate that the up trend from 1.4438 has completed, and then pullback to 1.4800 area could be seen.

For long term analysis, EURUSD is moving to the next long term cycle top on weekly chart, and the next cycle top is nearing. Long term key support is now at 1.4438, a break below this level will indicate that the long term up trend from 1.1639 (Nov 2005 low) has completed, and pull back to 1.4000 area is expected to follow.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD is moving to the next cycle top on daily chart, further rally to 1.5600 area is still possible. However, the pullback from 1.5493 suggests that next cycle top is nearing. Key support is at 1.5145, a breakdown of this level will confirm the cycle top and indicate that the up trend from 1.4438 has completed, and then pullback to 1.4800 area could be seen.

For long term analysis, EURUSD is moving to the next long term cycle top on weekly chart, and the next cycle top is nearing. Long term key support is now at 1.4438, a break below this level will indicate that the long term up trend from 1.1639 (Nov 2005 low) has completed, and pull back to 1.4000 area is expected to follow.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD's up trend remains and rise sharply to as high as 1.5687 level. As long as the up trend line from 1.4778 to 1.5281 support holds, rise to 1.5800 area to reach the next cycle top on daily chart is still possible. However, the next cycle top in nearing, a break down of the key support at 1.5145 will confirm the cycle top and then pullback to 1.4800 area is expected to follow.

For long term analysis, EURUSD is moving to the next long term cycle top on weekly chart, and the next cycle top is nearing. Long term key support is now at 1.4438, a break below this level will indicate that the long term up trend from 1.1639 (Nov 2005 low) has completed, and pull back to 1.4000 area is expected to follow.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD's up trend extends to as high as 1.5902. The pullback from 1.5902 suggests that the pair is forming a cycle top on daily chart. Deeper decline to 1.5000 area is expected, and a break of 1.5500 level is needed to confirm such case. Near term resistance is at 1.5902, only break of this level will indicate that the up trend has resumed, and then rise to 1.6150 area could be seen.

For long term analysis, EURUSD is moving to the next long term cycle top on weekly chart, and the next cycle top is nearing. Long term key support is now at 1.4438, a break below this level will indicate that the long term up trend from 1.1639 (Nov 2005 low) has completed, and pull back to 1.4000 area is expected to follow.

http://www.forexcycle.com/content/blogsection/4/65/

[sdotwewen]

EURUSD dropped sharply to as low as 1.5396, and confirmed a cycle top at 1.4902 level on daily chart. Deeper decline to 1.5000 area to reach the next cycle bottom is still possible in a couple of weeks. Key resistance is at 1.5902, only break of this level will indicate that the long term up trend has resumed, and then rise to 1.6150 area could be seen.

For long term analysis, EURUSD is forming a long term cycle top at 1.4902 level on weekly chart. Long term key support is at 1.4438, a break below this level will indicate that the long term up trend from 1.1639 (Nov 2005 low) has completed, and pull back to 1.4000 area is expected to follow.

http://www.forexcycle.com/content/view/198/65/

[sdotwewen]

EURUSD rebounds from 1.5342 and is forming a cycle bottom on daily chart. Sideways consolidation in a range between 1.5342 and 1.5902 is expected in the next several days. Deeper decline to 1.5000 area is still possible after consolidation, and a break of 1.5342 will signal the resumption of the down trend. Key resistance is located at 1.5902, a break of this level will signal the resumption of the long term up trend, and further rally to 1.6500 area could then be seen.

For long term analysis, EURUSD is forming a long term cycle top at 1.5902 level on weekly chart. Long term key support is at 1.4438, a break below this level will indicate that the long term up trend from 1.1639 (Nov 2005 low) has completed, and pull back to 1.4000 area is expected to follow.

http://www.forexcycle.com/content/blogsection/4/65/