EUR/USD Daily Video, 31 August, 2016

[Sive Morten]

Good morning,

so EUR is right at 1.1130 target. Here it should choose medium-term trend. May be today's ADP report will put the starting point for it:





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]

EUR stops moved down again! I see another H&S that could be formed now with top of right shoulder at 1.1220 approx...BUT..my level of 1.1175 which i mentioned a week or 2 ago has been broken down again...and so now we have return to 'Downward continuation'..and all this talk..of 1.16 and 1.18...is well....just 'chit chat'!