EUR/USD Daily Video, 25 August, 2016

[Sive Morten]

Good morning,

EUR keeps chances on upward continuation, but we need more confidence before taking any position:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Brett Reynolds]

Hmm. Yes..well EUR is messing around and keeping us guessing. I am still holding my shorts based on weekly chart what i see. Overall trend has not been broken yet. A close and hold above 1.1460 is what is needed in my opinion!? Tomorrow we could get 'Spike up' or anything really...but it's a waiting game now!

 

[Sive Morten]

Hmm. Yes..well EUR is messing around and keeping us guessing. I am still holding my shorts based on weekly chart what i see. Overall trend has not been broken yet. A close and hold above 1.1460 is what is needed in my opinion!? Tomorrow we could get 'Spike up' or anything really...but it's a waiting game now!

Yep. Actually mostly it depends what will happen with Brexit candle top. Breaking and holding above could change medium term picture....