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    rssEURUSD - technical analysis in forex market


    31-01-2006

    EURUSD would move sideways in the next few days.

    eurusd daily chart


    28-01-2006

    As expected, EURUSD has topped at 1.2325 on the daily chart. It would move lower to the next cycle bottom.

    eurusd daily chart


    26-01-2006

    EURUSD is topping on daily chart. Close all long positions that you took according to my suggestion on 03-01-2006, and wait for the next cycle bottom.

    eurusd daily chart


    24-01-2006

    The cycle top of EURUSD on the daily chart would be coming soon. I don’t suggest to take any new long positions at this moment.

    eurusd daily chart


    20-01-2006

    EURUSD is waiting for a break of 1.2185 to continue its uptrend.

    eurusd daily chart


    17-01-2006

    EURUSD is moving sideways. As long as key support of 1.2000 holds, I'd expect up trend to continue and a break of 1.2185 will encourage further rally towards 1.2300.


    13-01-2006

    Up to next week.

    eurusd daily chart


    11-01-2006

    No change, EURUSD would go up to next week.

    eurusd daily chart


    07-01-2006

    EURUSD would go higher in the next two or tree week to meet to next cycle top on the daily chart. For the long term analysis, EURUSD is now in the beginning of the up trend.

    eurusd daily chart

    eurusd weekly chart


    03-01-2006

    The same as that I expected a few days ago, EURUSD had bottomed. You can take a long position now, put the stop loss order under 1.1775, the long term target is above 1.2060.

     
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