Forex EUR/USD Daily Video, 02 September, 2019

[Sive Morten]

Good morning

EUR is following to new driving factors that we've specified last week. This week you just see how they impact on EUR/USD rate:





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.

 

[ED SCHAFFER]

Finally we are going to get our bounce in EUR, Whoopee! I have bigger fish to fry at the moment but I still always do keep an eye on EUR. I have noticed that the average daily trading range is narrowing in EUR for quite some time now so a true bottom may come before too long at some point. Congestion & a narrowing of the average daily trading range is a sure sign that a bottom is forming or it is somewhere nearby. The congestion has not yet happened but we can watch & are indeed watching out for it. Cheers.