EURUSD’s rise from 1.2456 has extended to as high as 1.3738. Further rally to 1.4000 zone to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.3435 and key support is located at 1.3250, below this level will indicated that the uptrend from 1.2456 has completed, and then further pullback could be seen to 1.2650-1.2700 area.
For long term analysis, EURUSD is in range trading between 1.2329 and 1.4719. Rebound to 1.4000 zone to reach the next cycle top on weekly chart is expected.
