Hong Kong Qindex 09:53 GMT January 16, 2011
EUR/USD : Critical Point 1.3865 : Reply
Entry: Target: Stop:
EUR/USD : Critical Point 1.3865
The current expected trading trading range from the monthly cycle charts is 1.3076 - 1.3865. As shown in the monthly cycle frequency chart the energy gap is big between 1.3076 and 1.3865. Greater energy is required to overcome the projected resistant point at 1.3865. Anyway the market momentum is strong when it is above the weekly cycle pivot center at 1.3428. The neutral range is 1.2875 - 1.3456. A projected barrier is located at 1.3557 // 1.3580.
EUR/USD : Monthly Cycle Charts