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[sdotwewen]

The up trend line from 1.2939 to 1.3079 is broken below, EURUSD will form a sideways consolidation in a range between 1.3079 and 1.3258. Near term resistance is at 1.3258, up trend will resume after break above this level. Key support is at 1.3079, break below this level indicate lengthy correction to the up trend is underway, and further fall towards 1.3000 level can be expected. Now, as long as key support at 1.3079 holds, we'd expect rally to continue and further rise above 1.3296 can be seen after consolidation. For long term analysis, EURUSD is in long term bullish movement, and further rally towards 1.3500 to reach the next cycle top on weekly chart is still in favor.

[sdotwewen]

EURUSD is bottoming at 1.3070 on daily chart, further rise towards 1.3364 is still possible in the next several days, and a break above 1.3258 will confirm such case. Near term support is at 1.3070, only break below this level may pull price back towards 1.3000 level. No changed in our long term view, EURUSD is in long term bullish movement, and further rally towards 1.3500 to reach the next cycle top on weekly chart is still in favor.
http://www.forexcycle.com/eurusd.html

[Acronis]

I think to reach 1.3070 it should decrease about 70 pips to touch 1.3056 or 1.3020(38.2 Fib) and then go up to see 1.3215 if it would break this point and do a retrace it will go towards to 1.3360.
Are you agree with me ?if not please tell your reasons.
Thank's for this great topic.

[sdotwewen]

Being contained by the price channel support, EURUSD rebounded from 1.3070. The pair is bottoming on daily chart, a break above the key resistance at 1.3258 will confirm the cycle bottom, and further rise above 1.3364 (the day high of Dec 8, 2006) will be seen. Key support is at 1.3070, break below this level will indicate lengthier correction is underway. For long term analysis, EURUSD is in long term bullish movement, and further rally towards 1.3500 to reach the next cycle top on weekly chart is still possible in the next several weeks.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

Originally Posted by Acronis

I think to reach 1.3070 it should decrease about 70 pips to touch 1.3056 or 1.3020(38.2 Fib) and then go up to see 1.3215 if it would break this point and do a retrace it will go towards to 1.3360.
Are you agree with me ?if not please tell your reasons.
Thank's for this great topic.

EURUSD reached 1.3200, what's your opinion now?

[Acronis]

I still think it should see 1.3070

[sdotwewen]

The key resistance at 1.3258 is broken above, EURUSD bottomed at 1.3070 on daily chart. Further rise above 1.3364 (the day high of Dec 8, 2006) will be seen in the next several days. Near term support is at the bottom of the price channel, and the key support is at 1.3070, only break below the key support will signal the reversal to the up trend. For long term analysis, EURUSD is in long term bullish movement, and further rally towards 1.3500 to reach the next cycle top on weekly chart is still possible in the next several weeks.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

No changed in our view, EURUSD is in up trend, and further rise above 1.3364 (the day high of Dec 8, 2006) can be expected after a slightly correction. Near term support is at the bottom of the price channel, and the key support is at 1.3070, only break below 1.3070 level will signal the reversal to the up trend. For long term analysis, the pair is in long term bullish movement, and further rise towards 1.3500 level to reach the next cycle top on weekly chart can be expected in the next several weeks.

[sdotwewen]

As expected, EURUSD broke above 1.3364 (the day high of Dec 8, 2006) and reached as high as 1.3410 high. Further rise towards 1.3668 (the day high of Dec 30, 2004) is still possible after a slightly correction. Near term support is at 1.3271 and followed by the bottom of the price channel, now at 1.3190, only break below the channel support will signal the reversal to the up trend. Near term resistance is at 1.3410, a break above this level will signal the resumption of the up trend. For long term analysis, the pair is in long term bullish movement, and further rise above 1.3668 (the day high of Dec 30, 2004) can be expected in the next several weeks.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD is topping at 1.3410 on daily chart, key support is at 1.3253 (the day low of March 26), a break below this level will confirm the cycle top. The rise from 1.2865 finished at 1.3410 if 1.3253 key support gives way and fall towards 1.2865 previous low can be expected in the next several weeks. Near term resistance is at 1.3410, only break above this level may signal the resumption of the up trend. For long term analysis, EURUSD may be topping at 1.3410 on weekly chart, key support of the long term up trend is at 1.3070, a break below this level will confirm the cycle top.

[sdotwewen]

No changed in our view, EURUSD is topping at 1.3410 on daily chart, key support is at 1.3253 (the day low of March 26), a break below this level will confirm the cycle top, and further fall towards 1.3070 previous low can be expected. Near term resistance is at 1.3410, only break above this level will indicate medium term up trend is under way, and rise towards 1.3500 to reach the next cycle top is possible. For long term analysis, the up trend from 1.2865 (the day low of Jan 12) may finished at 1.3410, and fall towards 1.2865 previous low can be expected in the next several weeks, and a break below 1.3070 will confirm such case.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD traded in a narrow range between 1.3253 and 1.3410 for two weeks, and breakout this range is needed immediately. Fall towards 1.3070 previous low is still in favor, and a break below 1.3253 key support will confirm such case. Near term resistance is at 1.3410, only break above this level will indicate medium term up trend is under way, and rise towards 1.3500 to reach the next cycle top is possible. For long term analysis, the up trend from 1.2865 (the day low of Jan 12) may finished at 1.3410, and fall towards 1.2865 previous low can be expected in the next several weeks, and a break below 1.3070 will confirm such case.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD broke above 1.3410 and pulled back from 1.3441. Further fall towards 1.3253 previous low is still possible in the next several days The next cycle top is nearing, a break below 1.3253 level will confirm the cycle top at 1.3441 on daily chart. Near term resistance is at 1.3441, only break above this level will delay the reversal to the up trend. For long term analysis, the pair is topping at 1.3441 on weekly chart, the up trend from 1.2865 (the day low of Jan 12) may finished at 1.3441, fall towards 1.2865 previous low can be expected in the next several weeks, and a break below 1.3070 key support will confirm such case.

[sdotwewen]

EURUSD is in up trend, further rise towards 1.3500 level to reach the next cycle top on daily chart is still possible in the next several days. Near term support is at the bottom of the price channel, and as long as the channel support holds, up trend will continue. However, the next cycle top is nearing, key support is now at 1.3339, and a break below this level will signal the reversal to the up trend. For long term analysis, the pair is moving higher to reach the next cycle top on weekly chart, and the next cycle top is nearing.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD is in up trend, the rise from 1.2865 extended to as high as 1.3554. Further rise towards 1.3668 (the day high of Dec 30, 2004) is still possible next week. On the other side, the pair is testing the rising price channel resistance, a slightly correction may be expected. Key support is at 1.3339, only break below this level will signal the reversal to the up trend. For long term analysis, EURUSD is moving higher towards 1.3668 (the day high of Dec 30, 2004) previous high to reach the next cycle top on weekly chart, and pullback towards 1.3100 can be expected before breaking above 1.3668 level.