EUR/USD Daily Video, March 17, 2011

[Sive Morten]

Good morning,
Perspectives of market seem very blur currently, but I have some beacons of price behavior that I will be watch for as for entering Long as Short:





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.

 

[dpowen]

Hi Sive,

Thx for the update.

Would you mind doing an update on the GBPUSD?

It looks to me like a bearish butterfly 4hr reversal pattern is taking place at the moment with completion either around the 1.620 handle or 1.6250 previous highs.

Interested in your thoughts as always.

Cheers,

David.

 

[Sive Morten]

Hi Sive,

Thx for the update.

Would you mind doing an update on the GBPUSD?

It looks to me like a bearish butterfly 4hr reversal pattern is taking place at the moment with completion either around the 1.620 handle or 1.6250 previous highs.

Interested in your thoughts as always.

Cheers,

David.

Hi, Dave
Please, attach your chart with your notes...
Well, I've tried to track GBP here, but this pair is not so interesting to participants as EUR.

 

[TOURADA]

Hi Sive ,good work ,nice prospective to EUR/USD ,I just don't understand JPY Strong's .