EUR/USD Daily Video, 17 January 2017

Sive Morten

Special Consultant to the FPA
Messages
18,564
Good morning,

EUR mostly shows shot-term bullish picture. Since innaguration will bring a lot of uncertainty - long-term traders, who hold shorts on EUR, could unwind their positions a bit. And this could support upside action on EUR for a while. Thus, reaching of 1.0840 area within 1-2 weeks doesn't look as impossible to us:





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.
 
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