EUR/USD Daily Video, 10 July 2017

[Sive Morten]

Good morning,

We have positive view on EUR and suggest that upside action should continue in medium-term perspective. Thus, we could take a look at setups for long entry:




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.

 

[Kleinerbroker]

Hello Sive , seems , price will not retrace to the 1,1350 area to build up some long postions ? Do you agree ? Thanks and best regards Wolfgang

 

[Sive Morten]

Hello Sive , seems , price will not retrace to the 1,1350 area to build up some long postions ? Do you agree ? Thanks and best regards Wolfgang

Absolutely. our "222" Buy has not been formed, but... we've got Butterfly "Sell" instead. Somehow, I do not want to jump in right now and have a sense that retracement still should happen. Actually, GBP setup that we've talked about yesterday looks more attractive for me right now. It's the same "222" pattern there, but it has been completed...