EURUSD long term analysis

[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.