EUR/USD : Critical Point 1.2393 *LINK*

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Hong Kong Qindex 14:22 GMT July 30, 2012 - My Profile
EUR/USD : Critical Point 1.2393 : Reply
Sell EURUSD
Entry: Target: Stop:

EUR/USD : Critical Point 1.2393

The bias is on the downside when the market is below the critical point at 1.2393. The weekly cycle pivot centres are positioning at 1.2332 - 1.2370 - 1.2371. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the barrier at 1.2125 // 1.2236 as shown in the monthly cycle directional indicator. Keep an eye on USD/ChF at the same time.

Qindex.com

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

EUR/USD : Monthly Cycle Charts

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