EURUSD formed a short term cycle bottom at 1.4438 level and rebounded to as high as 1.4648. Further rally towards 1.4800 area to reach the next cycle top on 4-hour chart is still possible in a couple of days. Near term support is at the up trend line, as long as the trend line support holds, weâ€™d expect up trend to continue. Key support is at 1.4438, only break of this level will signal the resumption of the down trend.
Join the Discussion