EURUSD Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 12:54 am
EURUSD’s up trend remains and the pullback from 1.5983 is treated as correction to the up trend. Further rise to 1.6100 area to reach the next cycle top on daily chart is still possible after correction. Near...

EURUSD Analysis – Apr 16, 2008

by ForexCycle.com | April 15, 2008 7:13 pm
EURUSD breaks above 1.5902 previous high resistance and its up trend resumes. Further rise to 1.6200 area to reach the next cycle top on daily chart is now in favor. Near term support is now at the...

EURUSD Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:34 am
EURUSD broke above 1.5902 and pulled back from 1.5913 level. Further rally to 1.6200 area to reach the next cycle top on daily chart is still possible after consolidation. Near term support is at 1.5510 and key...

EURUSD Analysis – Apr 9, 2008

by ForexCycle.com | April 8, 2008 8:26 pm
EURUSD is forming a sideways consolidation in a range between 1.5342 and 1.5902. Pullback to retest 1.5342 is still in favor in the next several days and a break of this level will signal the reversal to...

EURUSD Analysis – Apr 5, 2008

by ForexCycle.com | April 4, 2008 8:27 pm
EURUSD traded in a range between 1.5342 and 1.5902 for 3 weeks. Pullback to retest 1.5342 key support would more likely be seen next week and a break of this level will signal the reversal to the...

EURUSD Analysis – Apr 2, 2008

by ForexCycle.com | April 1, 2008 8:06 pm
EURUSD failed to test the previous high resistance at 1.5902 and pulled back from 1.5896 level. Further fall to test 1.5342 long term key support is possible, a break of this level will signal the resumption of...

EURUSD Analysis – Mar 30, 2008

by ForexCycle.com | March 29, 2008 7:05 pm
EURUSD is testing the previous high resistance at 1.5902, as long as this resistance holds, the rebound from 1.5342 is treated as correction to the down trend. However, a break of 1.5902 level will signal the resumption...

EURUSD Analysis – Mar 26, 2008

by ForexCycle.com | March 25, 2008 7:53 pm
EURUSD rebounds from 1.5342 and is forming a cycle bottom on daily chart. Sideways consolidation in a range between 1.5342 and 1.5902 is expected in the next several days. Deeper decline to 1.5000 area is still possible...

EURUSD Analysis – Mar 22, 2008

by ForexCycle.com | March 21, 2008 9:14 pm
EURUSD dropped sharply to as low as 1.5396, and confirmed a cycle top at 1.4902 level on daily chart. Deeper decline to 1.5000 area to reach the next cycle bottom is still possible in a couple of...

EURUSD Analysis – Mar 19, 2008

by ForexCycle.com | March 18, 2008 9:56 pm
EURUSD’s up trend extends to as high as 1.5902. The pullback from 1.5902 suggests that the pair is forming a cycle top on daily chart. Deeper decline to 1.5000 area is expected, and a break of 1.5500...