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Eurusd Is Forming A Short Term Cycle Top

Posted on 03/17/2008 17:39:55 | Link | Post Comment

EURUSD is forming a short term cycle top at 1.5902 level, sideways consolidation in a range between 1.5531 and 1.5902 is possible in a couple of days. As long as the key support at 1.5531 holds, we’d expect up trend to resume, and a break below the key support will indicate that the up trend from 1.4438 (Feb 7 low) has completed.

 

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