EUR/USD Daily Video, 24 March, 2016

[Sive Morten]

Good morning,

EUR still keeps upside potential, but right now chances on immediate upside action has decreased:



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]

Well..The Trend..is 'still my friend'...although..the market still like to 'shake me out sometimes'!
I closed 2 positions for a loss last week after the break and hold above 1.12...BUT..i did mention 1.1380..and had one stop above that. If you look at the weekly candle of 23/8/15...then draw a horizontal line @ 1.1380...what does this look like!? Is it not some kind of H&S..!? Also look at the monthly candle of February...a 'long tailed candle' firmly rejecting this resistance. IF this weeks candle finishes as an 'Inside bar' or bearish engulfing...then we are heading to the 'Bottom of the Ocean'!!
Bolshoi Spasibo!