EUR/USD Daily Video, 29 August, 2016

[Sive Morten]

Good morning,

Although EUR has not reached 1.14 target on Fri, it still keeps major bullish patterns valid. Situation could get final solution around 1.11 support area:



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]

Held my shorts...now moved my stops down to 1.1350. The 'Trend' is still my friend.
Last chance for Bulls @ 1.11...and that's exactly were the 200 Day simple average is lurking right now! The reverse H&S on the Daily chart..? Maybe..??