EURUSD formed a cycle bottom at 1.3837 on daily chart. Further rise is still possible next week, and next target would be at 1.4600-1.4700 area. Support is at 1.4250, only break below this level will suggest that a cycle top is being formed, then another fall to test 1.3837 support could be seen.
For long term analysis, EURUSD is in consolidation of uptrend from 1.1876 (2010 low). Range trading between 1.3837 and 1.4939 is expected in next several weeks.
