EUR/USD : Current Comments


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EUR/USD : Current Comments

Posted By: Qindex
Date: Saturday, 11 October 2008, at 3:03 a.m.

Melbourne Qindex 06:57 GMT October 11, 2008
EUR/USD : Monthly Cycle Analysis
As shown in the monthly cycle projected series the market is trying to overcome the barrier at 1.3390 - 1.3476*. A projected resistant point is positioning at 1.3749 and a critical supporting point is located at 1.2950. The current expected trading ranges from the monthly cycle projected series are 1.2788* ... 1.2960 - 1.3132* - 1.3304 - 1.3390 // 1.3476* - 1.3562 - 1.3648 - 1.3734 - 1.3820*.
Melbourne Qindex 06:48 GMT October 11, 2008
EUR/USD : Weekly Cycle Analysis
The weekly cycle pivot centers are located at 1.3221 - 1.3518 - 1.3750. This would suggests that speculative selling pressure will increase when the market is trading below 1.3221 and speculative buying interest will increase when the market is able to trade above 1.3750.

EUR/USD : Monthly Cycle Charts

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