Hong Kong Qindex 02:13 GMT March 4, 2012 - My Profile
EUR/USD : Monthly Cycle Analysis : Reply
EURUSD
Entry: Target: Stop:
EUR/USD : Monthly Cycle Analysis
As shown in the monthly cycle directional indicator the market is under pressure when it is below the weekly cycle pivot centres at 1.3165 // 1.3187. Speculative selling pressure will increase when the market resumes its downward trending momentum and penetrates through the barriers at 1.2893 // 1.2898. The distribution profiles of the monthly cycle charts suggest that the market is going to work on 1.3138 and the distribution profile of the monthly cycle probability chart indicates that the market is pulling towards 1.2665.
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EUR/USD : Monthly Cycle Charts
http://www.qindex.com/euro.html