EUR/USD Daily Video, February 19, 2018

[Sive Morten]

Good morning,

Huge volatility on the market lets EUR to keep our bearish scenario by far:





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.

 

[Venelin]

Hi, here is my short time view on the euro. On the 4h TF currently we have BnB buy pattern, and depending if it will work and how fast, it can turn to 1H BnB sell at arround 1.2480(61.8% target on bnb buy) Monday is a holiday, so market will be thin and probably it will allure bulls to go long for last time . I am a seller at 1.2480 area if it will get there! Just my 2 cents.:

 

[Sive Morten]

I am a seller at 1.2480 area if it will get there! Just my 2 cents.:

Good analysis Venelin, let's see whether EUR will reach 5/8 Fibo...

 

[Rabul]

Guys, I wonder why don't you even consider Reversed H&S? Maybe the recent drop is just a technical retracement?

 

[Sive Morten]

Guys, I wonder why don't you even consider Reversed H&S? Maybe the recent drop is just a technical retracement?

Excellent observation Rabul!
I also thought about it, but I'm a bit doubt due GBP bearish grabber and strength of Friday's drop... But, everything is possible, as usual.