Water Circle is the second demo EP of the Irish band The Cranberry Saw Us. It was released in cassette format and was used as an unsolicited demo sent to various major record labels. This is the first release to feature the vocal stylings of Dolores O'Riordan. All songs on the EP are written by Dolores O'Riordan and Noel Hogan. A bootleg MP3 of Water Circle appeared on the internet in 2002 courtesy of The Cranberries' drummer Fergal Lawler, who gave two CD-Rs of rare tracks to Alex Kraus, owner of the now closed fan site www.zomebieguide.com. The actual cassette EP has been for sale via eBay for some time now, due in part to the asking price of US$1499.95. It is the only copy known to still exist and is owned by Mr Kraus.

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