EURUSD long term analysis

[sdotwewen]

EURUSD is forming a consolidation to the up trend. It would move lower to reach its cycle bottom and this cycle bottom would appear after August 22. The target of the cycle bottom would be above 1.2559 level. For long term analysis, EURUSD is in a bullish movement, and this bullish movement would last several months, the target would be above 1.3500.
http://www.forexcycle.com/eurusd.html

[sdotwewen]

The key resistance at 1.2641 is broken above and EURUSD bottomed at 1.2483 on daily chart. The pair is now in up trend, and further rise above 1.2829 previous high to reach the next cycle top can be expected. Key support is now at 1.2524, only break below this level may signal the reversal to the up trend. For long term analysis, the pair is forming a side ways consolidation in a range between 1.2457 and 1.2978, the consolidation ended at 1.2483, and the up trend resumes. Further rise above 1.3000 level 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 now in up trend, and further rise above 1.2829 previous high to reach the next cycle top can be expected. Near term support is at 1.2660 level, and as long as this support holds, up trend will continue. Key support is at 1.2524, only break below this level may signal the reversal to the up trend. For long term analysis, the pair formed a side ways consolidation in a range between 1.2457 and 1.2978, the consolidation ended at 1.2483 low, and the up trend resumes. Further rise above 1.3000 level to reach the next cycle top on weekly chart can be seen in the next two months.

[sdotwewen]

Relative strength index (RSI) swung in a range between 40 and 60 in the pass 4 months, it reached 60 and pulled back again this Friday. So EURUSD is probably topping at 1.2797 on daily chart, a slightly correction to the up trend is needed and further fall towards 1.2650 level is possible next week. For long term analysis, the pair is forming a side ways consolidation in a range between 1.2457 and 1.2978, up trend will resume after this consolidation, and further rise above 1.3000 level to reach the next cycle top on weekly chart can be seen in the next two months.

[sdotwewen]

Originally Posted by aptrafx-com

Excuse-me friend, but before go to 1,35 ...he certanly drop to 1,25..beause the rates in USA will go down next year...
What do you think?

yes friend, the pair is topping now, but I think the correction would be slightly.

[sdotwewen]

EURUSD is testing the resistance at 1.2829 (the day high of September 22), consolidation is needed before breaking above this level, and pullback towards 1.2680 can be expected in the next couple of days. For long term analysis, the pair is forming a side ways consolidation in a range between 1.2457 and 1.2978, up trend will resume after this consolidation, and further rise above 1.3000 level to reach the next cycle top on weekly chart can be seen in the next two months.

[sdotwewen]

The precious high resistance at 1.2829 is broken above, EURUSD is in up trend, and further rise higher to test 1.2937 (the day high of August 21) is possible next week. Near term support is at the up trend line, and the key support is at 1.2681, only break below the key support may signal the reversal to the up trend. For long term analysis, EURUSD has bottomed at 1.2483 on weekly chart, it will move higher above 1.3000 to reach the next cycle top on weekly chart in the next two months.

[sdotwewen]

EURUSD is testing the up trend line support and may be topping at 1.2899 on daily chart. Further fall towards 1.2681 previous low support to reach the next cycle bottom is possible in the next several days. For long term analysis, EURUSD has bottomed at 1.2483 on weekly chart, it will move higher above 1.3000 to reach the next cycle top on weekly chart in the next two months.