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EURUSD remains in uptrend from 1.2874

Discussion in 'Technical Analysis' started by ForexCycle.com, Jan 20, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD remains in uptrend from 1.2874, the pullback from 1.3537 is treated as consolidation of uptrend. Deeper decline to 1.3300-1.3350 area to reach next cycle bottom on 4-hour chart is possible later today. Key support is at 1.3245, as long as this level holds, uptrend could be expected to resume and another rise towards 1.3800 could be seen after consolidation.


    Written by ForexCycle.com

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