Forex EUR/USD Daily Video, 22 August, 2019

[Sive Morten]

Good morning,

EUR forms mixed setup as picture contradicts to Dollar Index chart. So, we need to either wait for clarity or use Stop entry orders around consolidation's extremes:



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.

 

[minimax]

The biggest problem in this correction is range, everything is about 30 pips range.. Gold will tel the near future, in my opinion.

 

[Venelin]

Somewhat good PMI data from EZ, and euro immediately plays Stop Grabber. I will be watching price action(if gets there) arround WPP@1.1130 for clues, where the direction further will be.Also I am watching indexes and JPY croses closely, as euro is funding carry trade currency right now and risk off will push euro higher IMHO.

 

[minimax]

THIS is not about 150 -200 pips up/down, it is about world monetary policy.

One World One currency One big (von) Tra-u--m-p-p fammily!

 

[minimax]

Simpliest count could be finished but I do not trust it 100% so pair could make another leg dow, depends mostly on break bečow1492 of gold or retrace above 1504....

 

[minimax]

There is something in the air..

 

[minimax]

Same with usdjpy..
Is E and 4th of an impulse at 38.6 in place or we get triangle as E of bigger triangle?