EURUSD bottomed at 1.2524 on 4 hours chart further rise above 1.2641 previous high can be seen in the next couple of days. Near term support is at 1.2524 only break below this level may pull price back towards 1.2483. http://blog.forexcycle.com
EURUSD is in up trend more sharply rise towards 1.2764 previous high can be expected in the next several days. Near term support is at the up trend line as long as the trend line support holds up trend will continue. http://www.forexcycle.com
EURUSD is in up trend more sharply rise towards 1.2800 level can be expected in the next couple of days. Near term support is at the up trend line as long as the trend line support holds up trend will continue. Key support is at 1.2662 only break below this level may delay the resumption of the up trend.
EURUSD is forming a sideways correction to the up trend in a range between 1.2662 1.2749 up trend will resume after this correction. Key support is at 1.2662 only break below this level may signal the reversal to the up trend.
GBPUSD is in up trend further rise towards 1.9142 (the day high of August 8) is still possible in the next couple of days a sideways consolidation is needed before breaking above 1.9142. Near term support is at the bottom of the price channel a break below this support may signal the consolidation to the up trend.
EURUSD is pulling back to test the up trend line support a break below the trend line support may imply that the p is topping on 4 hours chart further fall towards 1.2677 level can be expected in the next several days.
The up trend line support is broken below EURUSD topped at 1.2797 on 4 hours chart further fall towards 1.2650 to reach the next cycle bottom is still possible in the next couple of days. Near term resistance is at 1.2797 only break above this level may signal the resumption of the up trend.
EURUSD would form a sideways consolidation in a range between 1.2677 1.2797 in the next several days. Near term resistance is at 1.2797 a break above this level may signal the resumption of the up trend.
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