EURUSD swung without trend in a range between 1.2661 and 1.2971 in the last two weeks, and it is coming to the end of this consolidation. Key resistance is at 1.2890, a break above this level will signal the end of this sideways consolidation, the up trend of EURUSD will resume again, and resistance of 1.2971 will be broken above. http://www.forexcycle.com
Key resistance of 1.2831 is broken above, EURUSD bottomed at 1.2699 on 4 hours chart. Further rises towards the next resistance of 1.2971 is possible, after a slightly pullback to 1.2810 area. http://www.forexcycle.com
EURUSD has pulled back to 1.2800 area, it will form a consolidation in a range between 1.2780 and 1.2908 today. Further rises towards 1.2971 is possible after this consolidation. http://www.forexcycle.com/
EURUSD rebounded sharply last Friday, further rises above 1.2971 is possible later today, and the next cycle top will appear after 8 June. http://www.forexcycle.com/eurusd.html
Resistance of 1.2971 is broken above, EURUSD will form a sideways consolidation in a range between 1.2870 and 1.2980 before it rises higher again. http://www.forexcycle.com/
Cycle bottom is nearing on 4 hours chart, EURUSD may be supported by the fibo cluster of 61.8%, and it may bottom on this level. On downside, the pair is fall towards support of 1.2723, and this support will likely be held. http://www.forexcycle.com/
EURUSD is falling lower to reach its cycle bottom on 4 hours chart, support of 1.2723 may be tested later today, and this support will likely be held, and then, uptrend will resume again. On the other side, if 1.2699 support is broken below, EURUSD will start its long term bearish movement. http://www.forexcycle.com/eurusd.html
Key support of 1.2699 is broken below, EURUSD is now in down trend, and further fall towards 1.2580 is possible later today. Key resistance is at 1.2815, only rises above this level may signal a reversal from the down trend. http://www.forexcycle.com/
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