EURUSD Analysis – Nov 25, 2008

by ForexCycle.com | November 25, 2008 11:34 am
EURUSD rebounds sharply yesterday, suggesting lengthier sideways consolidation in a range between 1.2329 and 1.3290 is underway, and the resumption of down trend will be delayed. Key support is located at 1.2329, only break down below this...

EURUSD Analysis – Nov 22, 2008

by ForexCycle.com | November 22, 2008 9:09 pm
EURUSD remains in range trading between 1.2329 and 1.3290. Further fall is expected to 1.2000 zone next week, and a break below 1.2329 previous low will confirm the resumption of down trend. Long term key resistance is...

EURUSD Analysis – Nov 15, 2008

by ForexCycle.com | November 15, 2008 11:34 am
EURUSD is trading in a range between 1.2329 and 1.3290. A break down below 1.2329 will signal deeper decline towards 1.2000 zone. Key resistance is located at 1.3290, rise above this level will indicate that the down...

EURUSD Analysis – Nov 13, 2008

by ForexCycle.com | November 13, 2008 10:25 am
EURUSD formed a cycle top at 1.3290 on daily chart. Deeper decline could be seen to 1.2000 zone in a couple of weeks. Key resistance is now located at 1.3290, above this level will indicate that the...

EURUSD Analysis – Nov 8, 2008

by ForexCycle.com | November 8, 2008 10:09 pm
EURUSD traded in a range between 1.2329 and 1.3290 for two weeks and the price action from 1.2329 is more likely forming a sideways consolidation to down trend. Further fall towards 1.2000 zone is now in favor...

EURUSD Analysis – Nov 1, 2008

by ForexCycle.com | November 1, 2008 10:21 am
EURUSD formed a cycle bottom at 1.2329 level. Sideways consolidation in a range between 1.2329 and 1.3290 could be seen next week. A break of 1.3290 will confirm the resumption of up trend, and first target would...

EURUSD Analysis – Oct 30, 2008

by ForexCycle.com | October 30, 2008 10:11 am
EURUSD breaks above 1.3004 key resistance, suggesting that a cycle bottom on daily chart has been formed at 1.2329 level. Further rise towards 1.2500 zone is expected in next several days. Key support is located at 1.2329,...

EURUSD Analysis – Oct 29, 2008

by ForexCycle.com | October 29, 2008 10:06 am
EURUSD’s down trend remains and the rise from 1.2329 is treated as consolidation to the downtrend. As long as 1.3004 key resistance holds, we’d expect down trend to resume and deeper decline is still possible to 1.2000...

EURUSD Analysis – Oct 25, 2008

by ForexCycle.com | October 25, 2008 10:20 am
EURUSD remains in down trend and the fall from 1.4867 extends to as low as 1.2496 level. Deeper decline is still possible to 1.2000 zone in a couple of weeks. Near term resistance is at 1.2850 and...

EURUSD Analysis – Oct 22, 2008

by ForexCycle.com | October 22, 2008 9:22 am
EURUSD breaks below 1.3258 support and the down trend from 1.6038 extends further to as low as 1.3001 level. Deeper decline towards 1.2500 zone to reach next cycle bottom on daily chart is still possible in next...