Thursday May 6, 2004 - 23:54:54 GMT
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QIndex - www.qindex.com
EUR/USD : Is the market heading towards 1.1623?
EUR/USD : The key quantized level in my 44-day cycle reference is located at 1.1991. The market rhythm of my 44-day cycle is represented by 369 pips. The expected maximum magnitude of vibration around 1.1991 is +/- 0.0369, i.e. 1.1623 - 1.2360. It is obvious that the market was blocked at the middle reference between 1.1991 - 1.2360, i.e around 1.2176. It is very likely that the market will vibrate around 1.1991 with an expected magnitude of +/- 185 pips for the time being.
... // 1.1623* - 1.1807 - 1.1991* - 1.2176 - 1.2360* //
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