EURUSD Analysis – Mar 1, 2008

by ForexCycle.com | February 29, 2008 8:04 pm
EURUSD rises sharply to as high as 1.5238 level. Further rally to 1.5400 area to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.5050 and followed by...

EURUSD Analysis – Feb 27, 2008

by ForexCycle.com | February 26, 2008 8:22 pm
As expected, EURUSD breaks above 1.4966 (23 Nov 2007 high) and reaches as high as 1.5047. Further rise to 1.5300 area to reach the next cycle top on daily chart is still possible. Near term support is...

EURUSD Analysis – Feb 24, 2008

by ForexCycle.com | February 23, 2008 8:18 pm
EURUSD formed a cycle bottom on daily chart, and the consolidation from 1.4966 has completed at 1.4438 level. Further rise to test 1.4966 previous high resistance is expected, and breaking above this level to reach the next...

EURUSD Analysis – Feb 20, 2008

by ForexCycle.com | February 19, 2008 6:56 pm
EURUSD formed a cycle bottom at 1.4438 and is now in up trend. Further rally to test previous high resistance at 1.4966 is still possible. Near term support is at 1.4600 followed by the up trend line...

EURUSD Analysis – Feb 17, 2008

by ForexCycle.com | February 16, 2008 9:10 pm
EURUSD formed a cycle bottom on daily chart, and the consolidation from 1.4966 has completed at 1.4438 level. Further rally to test 1.4966 long term key resistance is still possible, a break of this level will signal...

EURUSD Analysis – Feb 13, 2008

by ForexCycle.com | February 12, 2008 7:33 pm
EURUSD is forming a cycle bottom on daily chart, and the fall from 1.4951 has completed at 1.4438 level. Further rise to test the previous high resistance at 1.4966 is expected, and a break of 1.4670 level...

EURUSD Analysis – Feb 9, 2008

by ForexCycle.com | February 8, 2008 8:11 pm
EURUSD is forming a sideways consolidation in a range between 1.4309 and 1.4966. Further pullback to the up trend line from 1.4309 to 1.4365 to reach the next cycle bottom on daily chart could still be seen...

EURUSD Analysis. Feb 6, 2008

by ForexCycle.com | February 5, 2008 6:51 pm
EURUSD dropped sharply from 1.4951, and reached as low as 1.4621. Further pullback to 1.4400 area to reach the next cycle bottom on daily chart could still be seen in a couple of days, and the next...

EURUSD Analysis. Feb 2, 2008

by ForexCycle.com | February 1, 2008 9:17 pm
EURUSD failed to test the previous high resistance at 1.4966 and pulled back from 1.4951. Further decline towards 1.4400 area to reach the next cycle bottom on daily chart is still possible next week. Key resistance is...

EURUSD Analysis. Jan 30, 2008

by ForexCycle.com | January 29, 2008 7:36 pm
EURUSD is forming a symmetrical triangle pattern in a range between 1.4309 and 1.4966. Near term resistance is at the down trend line from 1.4966 to 1.4921, pullback towards 1.4400 area to reach the next cycle bottom...