1.9800 or 1.0800? The EURUSD is at a critical level
1.9800 or 1.0800? The EURUSD is at a critical level. Using the Bell Curve proprietary TPO balance point methodology, the above picture gives us the important levels. 1.3500 and 1.2150. The black arrow shows the Jan '85 up curve on the left moved up its high volume price from 1.1700 to 1.2750, while the green arrows show the mathematical midranges of the Jan '85 curve and Jul '08 down curve on the right. Putting all these together gives us our breakout scenario.
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