EUR/USD Daily Video, October 18, 2012

[Sive Morten]

Good morning,
situation has not changed much, since price action was tight within previous trading session, so let's focus on intraday charts:






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.

 

[FreddyFX]

I am getting the feeling this time that even Sive does not know where this EU wants to go.

I trade by the following rule:
When in doubt, stay out !!!

 

[cheater]

Does anyone follow GBP/USD here? Anyone can advise what is the support and resistance of GBP/USD? I see 1.6120-1.6125 seems very strong?

 

[Sive Morten]

Does anyone follow GBP/USD here? Anyone can advise what is the support and resistance of GBP/USD? I see 1.6120-1.6125 seems very strong?

Hope this will help...

 

[cheater]

Hope this will help...

Many thanks Sive!