EURUSD is in up trend

20060805_eurusd_1.gifEURUSD 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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