EUR/USD Daily Video, February 27, 2014

Sive Morten

Special Consultant to the FPA
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18,781
Good morning,
EUR has shown anticipated move down, but the menace of bearish grabber on weekly chart could hold us from taking long position around 1.3650, as we've thought initially (look for today EUR text update):





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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Minor leg accomplished to the downside near area of confluence around the 1.36432 (9 am EST)......

Very good call Sive .... as you said the train couldn't simply stop and immediately go long but rather produced a short leg to the down side.

Love your analysis !
 
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