EURUSD is in up trend, it?s moving higher to reach its cycle top, this cycle top will appear after August 10, and the target of the cycle top would be over 1.2978 (the day high of June 5, 2006). For long term analysis, the key resistance at 1.2861 is broken above, and EURUSD has bottomed on weekly chart. The long term bullish movement has started, and this bullish movement would last several months.

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GBPUSD is in up trend, and further rise above 1.9024 is possible in next several weeks. Key support is at 1.8175, as long as this support holds, up trend will continue. For long term analysis, GBPUSD has started its long term bullish movement, and this bullish movement would last several months. More Forex Ananlysis.

Key resistance at 1.2706 is broken above, EURUSD has bottomed at 1.2457 on daily chart. Further rise above 1.2978 (the day high of June 5, 2006) is possible in next several weeks. For long term analysis, EURUSD is bottoming on weekly chart, key resistance is at 1.2978, a break above this level may signal the long term bullish movement, and this bullish movement would last several months.

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