EUR/USD : Critical Point 1.3668

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

Melbourne Qindex 21:29 GMT March 10, 2011
EUR/USD : Critical Point 1.3668 : Reply
Sell EURUSD
Entry: Target: Stop:

EUR/USD : Critical Point 1.3668

As shown in the monthly cycle charts the market is consolidating within the monthly cycle pivot centers at 1.3767 - 1.3796 - 1.3834 which is marked in yellow in the monthly cycle directional indicator.

Monthly Cycle Directional Indicator : [1.2589] - [1.2771] - [1.2924] - 1.3497 - 1.3616 - 1.3767 - 1.3796 - 1.3834 - 1.3921 - 1.4089 - 1.4278 - 1.4298

As shown in the profile of the monthly cycle charts the bias is on the downside when the market is below 1.4056. If the market downside momentum is strong enough to penetrate through the critical point at 1.3668, the market will head for the supporting barrier at 1.3612 // 1.3616.

In the mean time the current expected trading ranges are 1.3668 - 1.3706 - 1.3719 - 1.3759 - 1.3810 - 1.4031.

EUR/USD : Monthly Cycle Charts
http://www.qindex.com/euro.html

EUR/USD : Monthly Cycle Charts

Forum Policy

Return to Index