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Melbourne Qindex 19:47 GMT May 15, 2012 - My Profile
EUR/USD (1.2922) : Critical Point 1.2797 : Reply
Sell EURUSD
Entry: Target: Stop:

EUR/USD : The bias is on the downside when the market closes below the critical point at 1.2797 in the New York session. Sell on rallies is the preferred trading strategy. The monthly cycle charts indicate that EUR/USD is heading towards 1.2665. The odds are good that the downside trending momentum will be strong enough to penetrate through 1.2600 mark. It is likely that the market will tackle the weekly cycle lower limits at 1.2441 / 12452(see details at lower part of my webpage).

Qindex.com

http://www.youtube.com/watch?v=dZEGYpXE5B4

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

EUR/USD : Monthly Cycle Charts

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