EURUSD had formed a cycle bottom at 1.3435 level on daily chart. Bounce to 1.3900-1.4000 area to reach next cycle top is expected next week and the next cycle top is nearing. Support level is now at 1.3530, a break below this level will indicate that a cycle top has been formed, then another fall towards 1.3300-1.3400 area could be seen.
For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Fall towards 1.3000 area to reach next cycle bottom is possible in next several weeks.
