Melbourne Qindex 07:44 GMT May 12, 2012 - My Profile
EUR/USD (1.2922) : Critical Point 1.2797 : Reply
Sell EURUSD
Entry: Target: Stop:
EUR/USD (1.2922) : Critical Point 1.2797
The bias is on the downside next week when the market closed below 1.2932 // 1.2950 in the New York session. The weekly cycle pivot centres are located at 1.2797 - 1.2961 - 1.2996. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the barrier at 1.2820 // 1.2853. The initial downside target is 1.2725.
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EUR/USD : Monthly Cycle Charts
http://www.qindex.com/euro.html