Forex EUR/USD Daily Video, December 07, 2018

Sive Morten

Special Consultant to the FPA
Messages
18,571
Good morning,

EUR doesn't have inner direction right now and waits for impact of external factors. It seems that upside reversal has good chances to happen, but, IMHO, after final leg down to major weekly support:



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.
 
Too Tricky at the moment. I am holding a couple of short positions on euro from 1.1330..but looks like could be Stopped Out at 1.1420 especially with NFP today. However..we could just see a 'spike up' today...so i am tempted to remove my stops until 'after NFP'. A close and hold above 1.14 area is needed today..to make me change my mind.
Having said all this..next week could be very interesting with all this Brexit Politics going on still. BIG Vote on Tuesday.
I have a feeling that we could see £ and Euro Rally going into that vote..and i would not be surprised to see 'Gaps' on opening on Monday!? If this happens..( especially on £ Stirling)...i will be Ready..!! ha! :D
 
Too Tricky at the moment. I am holding a couple of short positions on euro from 1.1330..but looks like could be Stopped Out at 1.1420 especially with NFP today. However..we could just see a 'spike up' today...so i am tempted to remove my stops until 'after NFP'. A close and hold above 1.14 area is needed today..to make me change my mind.
Having said all this..next week could be very interesting with all this Brexit Politics going on still. BIG Vote on Tuesday.
I have a feeling that we could see £ and Euro Rally going into that vote..and i would not be surprised to see 'Gaps' on opening on Monday!? If this happens..( especially on £ Stirling)...i will be Ready..!! ha! :D

Would you expect positive results? Something tells me that we could get the opposite one. ;)
Next week is ECB on Thu as well...
 
Would you expect positive results? Something tells me that we could get the opposite one. ;)
Next week is ECB on Thu as well...
Well, honestly..after ALL the Negative comments form all parties about the deal...it would be 'The Biggest' shock EVER..if that was passed in UK Parliament on Tues! That said, i don't think it's going to affect Stirling so much because 'everyone is expecting it! Ofcourse if by some miracle it is Passed...then £Stirling will Skyrocket! But what are the chances of that!? o_O
 
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