Monday, April 11, 2011

EURUSD Bullish Cycle Magic

Eurusd_w_8-04-2011

The weekly chart above shows the EURUSD breakout higher through the downtrend challenging the 61.8% Fib level into the next 21-week cycle potentially targeting 1.50 - 1.515 area or even higher until August 2011.

Below we see the daily chart of the EURUSD breakout pushing higher when the 21-day cycle ticks.

Eurusd_d_08-04-2011

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