EURUSD Analysis – Jun 11, 2008

by ForexCycle.com | June 10, 2008 8:59 pm
EURUSD broke above 1.5818 resistance and pulled back from 1.5843 level. The fall from 1.5843 is treated as resumption of down trend. Deeper decline to 1.5000 area to reach next cycle bottom on daily chart could be...

EURUSD Analysis – Jun 7, 2008

by ForexCycle.com | June 6, 2008 9:27 pm
EURUSD rebounded sharply from 1.5365 and is testing 1.5818 previous high resistance. The pair is forming a sideways consolidation in a range between 1.5284 and 1.6019. Further rise to test 1.6019 is still possible if 1.5818 resistance...

EURUSD Analysis – Jun 4, 2008

by ForexCycle.com | June 3, 2008 7:03 pm
EURUSD is in down trend, and the fall from 1.5818 extends to as low as 1.5410. Deeper decline could be seen to test 1.5284 previous low support in a couple of days, and break below this level...

EURUSD Analysis – May 31, 2008

by ForexCycle.com | May 30, 2008 7:41 pm
EURUSD dropped sharply from 1.5818 and formed a cycle top on daily chart. The fall from 1.5818 could possibly be resumption of the long term down trend. Further pullback to test 1.5284 previous low support is expected...

EURUSD Analysis – May 28, 2008

by ForexCycle.com | May 27, 2008 8:07 pm
EURUSD is moving to the next cycle top on daily chart. Further rise to test 1.6019 previous high resistance is still possible after consolidation. As long as 1.6019 resistance holds, rebound from 1.5284 is treated as correction...

EURUSD Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 7:56 pm
EURUSD’s rebound from 1.5284 extends to as high as 1.5813. Further rise to test 1.6019 previous high resistance is still possible next week. However, the rise from 1.5284 would possibly be correction to the long term down...

EURUSD Analysis – May 21, 2008

by ForexCycle.com | May 20, 2008 7:38 pm
EURUSD formed a cycle bottom at 1.5284 on daily chart. Further rally may be expected in the next several days, and the next cycle top would be at 1.5800 area. However, the rise from 1.5284 would possibly...

EURUSD Analysis – May 17, 2008

by ForexCycle.com | May 17, 2008 4:14 am
EURUSD broke above 1,5594 key resistance and formed a cycle bottom at 1.5284 on daily chart. Further rise to 1.5725 area is possible, and sideways consolidation in a range between 1.5284 and 1.6019 could be expected in...

EURUSD Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:35 pm
EURUSD is bottoming at 1.5284 on daily chart. Key resistance is now located at 1.5594, a break of this level will confirm the cycle bottom. Sideways consolidation in a range between 1.5284 and 1.6019 could be expected...

EURUSD Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:05 pm
EURUSD is forming a cycle bottom at 1.5284 on daily chart. Bounce to retest 1.5700 resistance is expected before breaking below 1.5284 level. The rise from 1.5284 will be treated as correction to the down trend. Key...