Daily Forex Analysis ? March 23, 2011

EURUSD Analysis. Being contained by 1.4281 (Nov 4, 2010 high) resistance, EURUSD pulled back from 1.4248, suggesting that a cycle top is being formed on 4-hour chart. Range trading between 1.4100 and 1.4248 is expected in a couple of days. However, the fall from 1.4248 is treated as consolidation of uptrend from 1.3752, another rise [...]

Source: http://blog.forexcycle.com/6098/daily-forex-analysis-march-23-2011/

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