EUR/USD 1.4617 – 15 September 2009

by ForexCycle.com | September 15, 2009 5:14 am
EUR/USD Open 1.4629 High 1.4645 Low 1.4525 Close 1.4617 Euro/Dollar traded hesitantly on Monday, dropping down to the 1.4525 bottom, that rising to a new 9 month high 1.4645, closing the day at 1.4617. On the 1...

Technical Analysis – 14 September 2009

by ForexCycle.com | September 14, 2009 5:25 am
EUR/USD 1.4550 – 14 September 2009 EUR/USD Open 1.4565 High 1.4621 Low 1.4521 Close 1.4581 Euro/Dollar traded hesitantly on Friday, entering into consolidation phase after the strong increasing movements in the previous days, closing the week at...

EURUSD Analysis – September 12, 2009

by ForexCycle.com | September 12, 2009 3:45 am
EURUSD broke above 1.4447 resistance and the uptrend from 1.3748 extended to the upper border of the rising price channel on daily chart. A clear break above the channel resistance will signal a great move towards 1.5100-1.5200...

EURUSD Analysis – September 5, 2009

by ForexCycle.com | September 5, 2009 2:55 am
No changed in our view, EURUSD stays in a rising price channel and remains in uptrend from 1.3748. Near term support is at the lower border of the rising price channel, as long as the channel support...

EURUSD Analysis – August 30, 2009

by ForexCycle.com | August 30, 2009 2:31 am
EURUSD stays in a rising price channel and remains in uptrend from 1.3748. As long as the channel support holds, we’d expect uptrend to continue and further rise to 1.4500-1.4600 area could be seen in next several...

EURUSD Analysis – August 22, 2009

by ForexCycle.com | August 22, 2009 3:43 am
EURUSD stays in the rising price channel on daily chart and remains in uptrend from 1.3748. Further rally to 1.4500 is still possible next week. However, the rise from 1.3748 is more likely a part of consolidation...

EURUSD Analysis – August 15, 2009

by ForexCycle.com | August 15, 2009 2:39 am
EURUSD is forming a cycle top at 1.4447 level on daily chart. Key support is now located at 1.4086, a break down below this level will confirm the cycle top. Then deeper decline could be seen to...

EURUSD Analysis – August 8, 2009

by ForexCycle.com | August 8, 2009 2:54 am
Being contained by the upper border of price channel on daily chart, EURUSD pulls back from 1.4447 level. Now the rise from 1.3748 is more likely a part of consolidation started from 1.4338. Further fall is in...

EURUSD Analysis – August 4, 2009

by ForexCycle.com | August 4, 2009 3:22 am
EURUSD breaks above 1.4338 previous high resistance, suggesting that the uptrend from 1.2456 has resumed. Further rally is now in favor and target would be at 1.4700 zone. Key support is now at 1.4007, only fall below...

EURUSD Analysis – August 1, 2009

by ForexCycle.com | August 1, 2009 5:45 am
EURUSD has formed a cycle top at 1.4304 level on daily chart, and the rebound from 1.4007 is treated as correction of downtrend from 1.4304. Pullback towards 1.3748 previous low would more likely be seen next week...