EUR/USD Daily Video, 24 October 2016

[Sive Morten]

Good morning,

as EUR keeps bearish sentiment and is not at some support or oversold, or tactical task for coming week is to get suitable rally to sell into:




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.

 

[IrwanI]

Agree with you,EUR will continue going down until US interest rate decision,if Fed hike, EUR will get hit very hard ones again,if no Fed hike, EUR will sky rocket high.

 

[csc2009]

I fully agree with you analysis, bearish trend will not stop.

 

[IrwanI]

Tomorrow 15.30 GMT Draghi will speake again,will watch that even closely

 

[drebg]

In the video, at 4:53, you reference price action "hitting the 100% ext" but I believe you meant the 61.8.

 

[Sive Morten]

In the video, at 4:53, you reference price action "hitting the 100% ext" but I believe you meant the 61.8.

We probably talk on a bit different extensions

 

[drebg]

Yes- in the video, you illustrate "B" (shown at 4:50), as the Brexit bottom and "C" was the mid Aug highs. This would put the 61.8 right at the same 100% ext you note here. No criticism, just didn't want any newbies to get confused!

 

[Sive Morten]

No criticism, just didn't want any newbies to get confused!

Oh, yep! Probably I've confused them a bit. Ok, thanks a lot for remark!