EURUSD Analysis – May 31, 2008

by ForexCycle.com | May 30, 2008 7:41 pm
EURUSD dropped sharply from 1.5818 and formed a cycle top on daily chart. The fall from 1.5818 could possibly be resumption of the long term down trend. Further pullback to test 1.5284 previous low support is expected...

EURUSD Analysis – May 28, 2008

by ForexCycle.com | May 27, 2008 8:07 pm
EURUSD is moving to the next cycle top on daily chart. Further rise to test 1.6019 previous high resistance is still possible after consolidation. As long as 1.6019 resistance holds, rebound from 1.5284 is treated as correction...

EURUSD Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 7:56 pm
EURUSD’s rebound from 1.5284 extends to as high as 1.5813. Further rise to test 1.6019 previous high resistance is still possible next week. However, the rise from 1.5284 would possibly be correction to the long term down...

EURUSD Analysis – May 21, 2008

by ForexCycle.com | May 20, 2008 7:38 pm
EURUSD formed a cycle bottom at 1.5284 on daily chart. Further rally may be expected in the next several days, and the next cycle top would be at 1.5800 area. However, the rise from 1.5284 would possibly...

EURUSD Analysis – May 17, 2008

by ForexCycle.com | May 17, 2008 4:14 am
EURUSD broke above 1,5594 key resistance and formed a cycle bottom at 1.5284 on daily chart. Further rise to 1.5725 area is possible, and sideways consolidation in a range between 1.5284 and 1.6019 could be expected in...

EURUSD Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:35 pm
EURUSD is bottoming at 1.5284 on daily chart. Key resistance is now located at 1.5594, a break of this level will confirm the cycle bottom. Sideways consolidation in a range between 1.5284 and 1.6019 could be expected...

EURUSD Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:05 pm
EURUSD is forming a cycle bottom at 1.5284 on daily chart. Bounce to retest 1.5700 resistance is expected before breaking below 1.5284 level. The rise from 1.5284 will be treated as correction to the down trend. Key...

EURUSD Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:36 pm
Being contained by the key support at 1.5342, EURUSD rebounded from 1.5360. Sideways consolidation in a range between 1.5342 and 1.5700 is expected in the next few days. Pullback to retest 1.5342 is still possible after consolidation...

EURUSD Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:45 pm
EURUSD is testing 1.5342 key support, consolidation will more likely be seen before breaking below this level, and rebound to 1.5650 area is expected. Key resistance is located at 1.6019, only break of this level will signal...

EURUSD Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:50 pm
EURUSD broke below the ascending triangle pattern and reached as low as 1.5539. Further fall to 1.5400 area to reach the next cycle bottom on daily chart is still possible in the next several days, and a...