EURUSD long term analysis

[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.

[sdotwewen]

EURUSD is in up trend, further rise towards 1.3668 (the day high of Dec 30, 2004) to reach the next cycle top on daily chart is still possible in a couple of days. Resistance at 1.3668 will more likely be held, and pullback towards 1.3400 can be expected before breaking above 1.3668 level. Near term support is at the rising price channel, and the key support is at 1.3339, a break below 1.3339 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.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD broke above the rising price channel and is testing the previous high resistance at 1.3668 (the day high of Dec 30, 2004). The pair might be topping at 1.3636 on daily chart. Pullback towards 1.3450 will more likely be seen in the next several days before breaking above 1.3668 level. 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 in the next several weeks.

[sdotwewen]

EURUSD is testing the previous high resistance at 1.3668 (the day high of Dec 30, 2004), if gives way, further rise towards 1.3750 to reach the next cycle top on daily chart can be expected. Key support is at 1.3540, a break below this level will signal the reversal to the up trend and the pair will find support at the bottom of the price channel. 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, slightly break above 1.3668 level is still possible, and the next cycle top on weekly chart will appear after breaking above this level.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

EURUSD broke above the previous high resistance at 1.3668 (the day high of Dec 30, 2004), and reached as high as 1.3681, further rise towards 1.3800 to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.3584, and key support is at 1.3540, only break below this level will signal the reversal to the up trend. For long term analysis, EURUSD is moving higher to reach the next cycle top on daily chart, and the next cycle top will appear in the next couple of weeks.