EUR/USD Daily Video, May 16, 2018

Sive Morten

Special Consultant to the FPA
Messages
18,669
Good morning,

EUR now stands at culmination point, and very soon it should be clear whether we will get solid upside bounce or not:



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.
 
The Daily Pin Bar Rejection @ 1.1930 has followed through quite strongly. I was looking at Reversal at 1.1820 area for possible 'Double Repo'..but..it looks like that level has gone now too! o_O It usually takes some fundamental news event to Trigger the 'DR'..but sentiment for $US at moment is very strong. I'm short on EUR and looking at 1.17 target!
I'm watching $/CHF for possible BIG DR' on Daily...or 'Lookalike'...!? :D
 
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