EURUSD is forming a cycle bottom at 1.3837 on daily chart. Further rise would likely be seen in a couple of weeks, and the target would be at 1.4700-1.4750 area. Key support is now at 1.3837, only break below this level could trigger another fall towards 1.3000.
For long term analysis, EURUSD had formed a cycle top at 1.4939 on weekly chart. Range trading between 1.3837 and 1.4939 is expected in next several weeks.
