EURUSD Analysis - March 13, 2010 Bookmark and Share
Forex Market Analysis  |  Written by ForexCycle.com |  Saturday, 13 March 2010 12:18 GMT
EURUSD had formed a cycle bottom at 1.3435 level on daily chart. Bounce to 1.3900-1.4000 area to reach next cycle top is expected next week and the next cycle top is nearing. Support level is now at 1.3530, a break below this level will indicate that a cycle top has been formed, then another fall towards 1.3300-1.3400 area could be seen.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Fall towards 1.3000 area to reach next cycle bottom is possible in next several weeks.

eurusd daily chart
 

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