Forex EUR/USD Daily Video, 30 August, 2019

[Sive Morten]

Good morning,

EUR confirms our bearish suggestions and open bearish scenario that we've discussed in weekly report:





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.

 

[minimax]

Agree, especially about waves and levels. As I said, I read this leg from 1,125 as correction WXY and Y is just above targets on smaller TF @ 1,1030/25, and PA is caught at the moment moving at 61,8% of target of wave Y. I agree we will probably go below LL, BUT I think not in this attempt or at least not significantly, just to take stops. That is why I see it as in picture.

 

[minimax]

Sive, must say that your butterfly 127,7 agrees with 100% lenght Y of W, so it is really tricky. Some stupid news trigger buyers in to sellers and ˝Market˝ turns suddenly around after.. Check: https://www.dailyfx.com/sentiment

 

[ED SCHAFFER]

Good morning,

EUR confirms our bearish suggestions and open bearish scenario that we've discussed in weekly report:





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.

I really like Sive's explanation of all the technical factors at play in EUR & DXY now.
Great analysis Sive! Thanks & I tip my hat to you Sive. Cheerio.