EURUSD - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Saturday, September 30, 2006 at 02:55 GMT

EURUSD is forming a sideways consolidation in a range between 1.2630 and 1.2829, up trend will resume after key resistance at 1.2829 is broken above. On the other side, key support is at 1.2630, a break below this level implies that the last cycle bottom is at 1.2725 (the day low of August 25), the pair will fall towards 1.2559 to reach the next cycle bottom, and the support at 1.2559 will more likely be held by the end of this cycle. For long term analysis, the fall from 1.2937 is treated as in correction to the up trend, and the up trend will resume after this correction.

eurusd daily chart

EURUSD - Free Forex Market Analysis

Saturday, September 30, 2006 at 02:55 GMT

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