EUR/USD Daily Video, 01 February 2017

[Sive Morten]

Good morning,

Markets strongly react on any word of D. Trump trying to get a hint and form an undertsanding of his financial strategy. This is very difficult time for trading. Thus, we make short-term analsyis anyway, but still - call to follow clear patterns when you intend to take position:



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]

Uncertainty..or Market Mechanics..? So January was Bullish Engulfing Candle and the 50% retracemant from May 2015 gives us nice solid resistance at around 1.0950..? Right?
But first we have to get through 1.0830. Could be this week...or do we Hit it first before NFP on Friday...then wait for retracemant to go long..? Hmm.? a bit complicated...but i do think 1.0950 is where we are going..!?
If i am right..then i want a FPA Promotion to 'Full Bird Colonel' Sive..!?