Short Term Analysis - December 5, 2007
Being supported by the up trend line from 1.3550 to 1.4125, EURUSD rebounded from 1.4620. Sideways consolidation in a range between 1.4620 and 1.4966 is possible in the next several days. Key resistance is at 1.4966, a break of this level would signal the resumption of the up trend. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.6000 to reach the next cycle top on weekly chart can be seen.
Please click the following links for more short term and long term forex analysis.
USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD
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