Short Term Analysis – October 3, 2006
EURUSD As expected, EURUSD broke the key resistance at 1.2732 and bottomed at 1.2639 low. Further rise towards 1.2800 to reach the next cycle top is possible in the next couple of days.
Month: October 2006
Short Term Analysis – October 2, 2006
EURUSD EURUSD is bottoming at 1.2639, key resistance is at 1.2732, a break above this level may confirm the cycle bottom, and further rise towards 1.2800 level can be expected after the key resistance is broken above.