EUR/USD Daily Video, 04 August, 2016

[Sive Morten]

Good morning,

As EUR has completed upside AB=CD, now we need to find out, is it just retracement or something greater:




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]

Daily Bearish Engulfing yesterday right at 50% of last swing. I have a long term trend line at 1.1175 too. A retrace back to 1.1175 today or tomorrow would be great to look for short..subject to PA and NFP...'Ofcourse'!!??