EUR/USD Daily Video, 22 August 2017

[Sive Morten]

Good morning,

Although EUR doesn't have some clear patterns, but overall picture looks positive:



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.

 

[Rob Halterman]

EU bounced monthly resistance (08-02-17)...expect another 300 pip minimum downside. LTF (4h) trendlines are insignificant from monthly perpective which is why its "faking out" above and heading back down.