EURUSD is forming a cycle bottom at 1.3212 on daily chart. Key resistance is now at 1.3546, a break above this level will confirm the cycle bottom, then the following upward movement could bring price to 1.4500 area. On the downside, as long as 1.3546 resistance holds, the price action from 1.3212 could possibly be consolidation of downtrend from 1.4246, and one more fall to re-test 1.3146 support is still possible.
For long term analysis, EURUSD had formed a cycle bottom at 1.3146 on weekly chart. Further rise towards 1.5000 would likely be seen over the next several weeks.
