EURUSD Analysis – June 6, 2009

by ForexCycle.com | June 6, 2009 4:15 am
EURUSD remains in uptrend from 1.2884. Range trading between 1.3793 and 1.4338 would more likely be seen next week. Initial support is at the rising trend line on daily chart now at 1.3915, below this level will...

EURUSD Analysis – May 30, 2009

by ForexCycle.com | May 30, 2009 5:34 am
EURUSD stays above the rising trend line on daily chart and remains in uptrend form 1.2884. Further rally to towards 1.4500 is expected next week. Initial support remains at the rising trend line and key support is...

EURUSD Analysis – May 23, 2009

by ForexCycle.com | May 23, 2009 4:40 am
EURUSD remains in uptrend from 1.2884. Further rally is expected to 1.4150-1.4200 area next week. Initial support is at 1.3800, and followed by the rising trend line on daily chart now at 1.3590. As long as the...

EURUSD Analysis – May 21, 2009

by ForexCycle.com | May 21, 2009 3:20 am
EURUSD breaks above 1.3738 resistance, suggesting that the uptrend from 1.2884 has resumed. Further rally could be seen to 1.4150-1.4200 area. Near term support is at the rising trend line on daily chart now at 1.3500, key...

EURUSD Analysis – May 16, 2009

by ForexCycle.com | May 16, 2009 3:50 am
Being contained by 1.3738 previous high resistance, EURUSD pulls back from 1.3721, suggesting that a short term cycle top is being formed. Consolidation below 1.3738 level is expected in a couple of week and the pullback could...

EURUSD Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:22 am
EURUSD broke above 1.3392 key resistance, suggesting that a cycle bottom had been formed at 1.2884 level on daily chart and the rise from 1.2884 is possibly be resumption of the uptrend from 1.2456. Further rise is...

EURUSD Analysis – May 2, 2009

by ForexCycle.com | May 2, 2009 2:43 am
EURUSD is testing 1.3392 key resistance, a break above this level will indicate that a cycle bottom has been formed at 1.2884 level on daily chart, and then further rally could be seen to 1.3500-1.3600 area. If...

EURUSD Analysis – April 25, 2009

by ForexCycle.com | April 25, 2009 4:00 am
EURUSD rebounds from 1.2884, suggesting that a cycle is being formed on daily chart. Further rise is expected to test 1.3392 key resistance next week. A break above this level will confirm the cycle bottom and indicate...

EURUSD Analysis – April 18, 2009

by ForexCycle.com | April 18, 2009 2:32 am
EURUSD breaks below 1.3089 support and the fall from 1.3738 extends further to as low as 1.3017 level. Deeper decline is expected to 1.2750 or even lower. As the next cycle bottom is nearing, rebound would more...

EURUSD Analysis – April 14, 2009

by ForexCycle.com | April 14, 2009 2:10 am
EURUSD might be forming a cycle bottom at 1.3089 on daily chart. Key resistance is located at 1.3582, a break above this level will confirm the cycle bottom, and then further rally could be seen to 1.4350-1.4400...