EUR/USD Daily Video, October 26, 2012

[Sive Morten]

Good morning,
market probably should hit 1.29-1.2911 area, but currently it's not quite clear in which way it will happen. Two different patterns suggest different price action:





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]

Trying to keep up with it all.
The EU is as crazy as it can gets, reminds me of the GJ a few years back.

 

[think2]

HI SIVE. Where can I get such a fibonacci tools? I mean I have it on my MT-4 player, but there aren`t actual numbers included, neither such a transparent point of view.

 

[Sive Morten]

HI SIVE. Where can I get such a fibonacci tools? I mean I have it on my MT-4 player, but there aren`t actual numbers included, neither such a transparent point of view.

If you're speaking about Fib support/resistance - you can download indicator "Fib Tree" in the root of this thread. Thanks Michael.
Speaking about extensions - I draw them manually for better transparency.