EUR/USD : Critical Point 1.2797 *LINK*

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Hong Kong Qindex 03:33 GMT July 1, 2012 - My Profile
EUR/USD : Critical Point 1.2797 : Reply
Sell EURUSD
Entry: Target: Stop:

EUR/USD : Critical Point 1.2797

As shown in the monthly cycle charts a resistant barrier is expected at 1.2687 - 1.2797. Basically the market is consolidating between a range of 1.2176 and 1.2797 for the time being. Barriers are located at 1.2290 - 1.2368 - 1.2415 - 1.2530 - 1.2646. Speculative selling pressure will increase in the Asian session tomorrow if the market fails to maintain the upward momentum and trades below 1.2646. It is likely that the weekly closing rate of EUR/USD on July 6 in the New York session would be under 1.2654.

Qindex.com

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

EUR/USD : Monthly Cycle Charts

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