EURUSD
EURUSD bottomed on 4 hours chart, and the fall from 1.3851 completed at 1.3609 level. Further rise towards 1.3851 previous high is expected to follow in the next several days. Near term support is at 1.3609, only break below this level will signal the resumption of the down trend.
Archive for July, 2007
Short Term Analysis – July 31, 2007
Tuesday, July 31st, 2007Short Term Analysis – July 30, 2007
Monday, July 30th, 2007Short Term Analysis – July 27, 2007
Friday, July 27th, 2007Short Term Analysis – July 26, 2007
Thursday, July 26th, 2007Short Term Analysis – July 25, 2007
Wednesday, July 25th, 2007Short Term Analysis – July 23, 2007
Monday, July 23rd, 2007
EURUSD
Being contained by the up trend line from 1.3422 to 1.3594, EURUSD rebounded from 1.3778 and broke above 1.3833 previous high. Up trend of EURUSD resumed, further rise towards 1.3900 is expected to follow in the next several days. Near term support is at 1.3750, as long as this support holds, up trend will continue.
Short Term Analysis – July 20, 2007
Friday, July 20th, 2007Short Term Analysis – July 19, 2007
Thursday, July 19th, 2007Short Term Analysis – July 18, 2007
Wednesday, July 18th, 2007
EURUSD
EURUSD is in up trend, further rise towards 1.3850 to reach the next cycle top on 4 hours chart is still possible later today, and the next cycle top is nearing. Near term support is at 1.3755, a break below this level will signal consolidation to the up trend and pullback below the price channel support will be seen.
Short Term Analysis – July 17, 2007
Tuesday, July 17th, 2007
USDCHF
USDCHF formed a sideways consolidation in a narrow range. Further fall towards 1.1879 (2006 low) is still in favor after consolidation. Near term resistance is at 1.2067, and break above this level to reach the next cycle top on 4 hours chart is possible before the resumption of the down trend.
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