EURUSD Analysis – June 16, 2009

by ForexCycle.com | June 16, 2009 1:09 am
EURUSD breaks below 1.3793 key support, suggesting that a cycle top has been form at 1.4338 level on daily chart and the uptrend from 1.2884 has completed. Deeper decline is now in favor and first target would...

EURUSD Analysis – June 13, 2009

by ForexCycle.com | June 13, 2009 3:03 am
EURUSD is forming a cycle bottom at 1.3804 level on daily chart. Range trading between 1.3793 and 1.4338 is expected next week. Key resistance is at 1.4338, a break above this level will confirm the cycle bottom,...

EURUSD Analysis – June 10, 2009

by ForexCycle.com | June 10, 2009 2:26 am
Being contained by 1.3793 support, EURUSD rebounds from 1.3804, suggesting that a cycle bottom is being formed on daily chart. However, a break of 1.4338 key resistance is needed to confirm the cycle bottom.

EURUSD Analysis – June 6, 2009

by ForexCycle.com | June 6, 2009 4:15 am
EURUSD remains in uptrend from 1.2884. Range trading between 1.3793 and 1.4338 would more likely be seen next week. Initial support is at the rising trend line on daily chart now at 1.3915, below this level will...

EURUSD Analysis – May 30, 2009

by ForexCycle.com | May 30, 2009 5:34 am
EURUSD stays above the rising trend line on daily chart and remains in uptrend form 1.2884. Further rally to towards 1.4500 is expected next week. Initial support remains at the rising trend line and key support is...

EURUSD Analysis – May 23, 2009

by ForexCycle.com | May 23, 2009 4:40 am
EURUSD remains in uptrend from 1.2884. Further rally is expected to 1.4150-1.4200 area next week. Initial support is at 1.3800, and followed by the rising trend line on daily chart now at 1.3590. As long as the...

EURUSD Analysis – May 21, 2009

by ForexCycle.com | May 21, 2009 3:20 am
EURUSD breaks above 1.3738 resistance, suggesting that the uptrend from 1.2884 has resumed. Further rally could be seen to 1.4150-1.4200 area. Near term support is at the rising trend line on daily chart now at 1.3500, key...

EURUSD Analysis – May 16, 2009

by ForexCycle.com | May 16, 2009 3:50 am
Being contained by 1.3738 previous high resistance, EURUSD pulls back from 1.3721, suggesting that a short term cycle top is being formed. Consolidation below 1.3738 level is expected in a couple of week and the pullback could...

EURUSD Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:22 am
EURUSD broke above 1.3392 key resistance, suggesting that a cycle bottom had been formed at 1.2884 level on daily chart and the rise from 1.2884 is possibly be resumption of the uptrend from 1.2456. Further rise is...

EURUSD Analysis – May 2, 2009

by ForexCycle.com | May 2, 2009 2:43 am
EURUSD is testing 1.3392 key resistance, a break above this level will indicate that a cycle bottom has been formed at 1.2884 level on daily chart, and then further rally could be seen to 1.3500-1.3600 area. If...