EUR/USD Daily Video, March 07, 2018

[Sive Morten]

Good morning,

Our bullish context stands intact. If EUR will show retracement today - we suggest 1.2350-1.2360 support area will be good one for taking long position or add more (scale-in) to existed one:




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.

 

[ward133]

Thank you mr sive 4 all your support

Am sorry to ask again about cad
Your personal view. You think the Nafa issue between Us and Canada might be really solve ? Or it's more complicated ??

 

[Sive Morten]

Thank you mr sive 4 all your support

Am sorry to ask again about cad
Your personal view. You think the Nafa issue between Us and Canada might be really solve ? Or it's more complicated ??

Well, I think that it is nothing clear yet. Speculators just shake markets on this background. Today's BoCanada meeting and ADP report look more important than NAFTA talks. But, all in all - it will not change technical picture that we have. CAD shows signs of retracement, thus reaching of any meaningful support, prior it will hit 1.3130 will be opportunity to go long...The major difficulty right now is to estimate precise level that will be reached...