Forex EUR/USD Daily Video, May 28, 2019

[Sive Morten]

Good morning,

Our trading plan stands the same - we're watching for retracement down for long entry:



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.

 

[Brett Reynolds]

It's interesting that this area is the 1.618 of the move from January 2017! Market seems to be 'hovering' right on it!
I have learned my lesson trying to go 'counter trend' and there is a lot of pressure on the Euro and the downtrend is still intact. I trade the Daily charts..and so i would need to see a strong PA signal on 4 hr or 1 hr charts this week to go long. The swap is also negative for long positions on EUR/$ if your holding positions.
A good 'buy signal at 1.1165 or 1.1150..is required for me to go long..!