EUR/AUD : Critical Point 1.2844

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Hong Kong Qindex 08:20 GMT January 9, 2011
EUR/AUD : Critical Point 1.2844 : Reply
EURAUD
Entry: Target: Stop:

EUR/AUD : Critical Point 1.2844

As shown in the monthly cycle directional indicator the market is under pressure when it is below the weekly cycle pivot center at 1.2844. Last week the market hit the low and high at 1.2940 and 1.3322 respectively and it closed at 1.2971. The monthly cycle projected series indicates that the market is heading towards the lower barrier at 1.2618 // 1.2715.

EUR/AUD : Monthly Cycle Charts
http://www.qindex.com/eur-aud.html

EUR/AUD : Monthly Cycle Charts

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