Forex EUR/USD Daily Video, 26 July, 2019

[Sive Morten]

Good morning,

Today is a bit unusual report as we mostly talk on fundamental issues rather than technical analysis:



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]

Yes..1.1180 is now new Resistance for me. I will monitor today and may add to my final position to get down to final target around 1.1050. After that 1.0950..!
I do not see any reason for EUR strength in the near term actually. With the Brexit situation still unresolved until October..this offers negative sentiment for both Euro & GBP and the trend for both currencies is still 'Down' on all higher time frames.!

 

[Sive Morten]

I do not see any reason for EUR strength in the near term actually. With the Brexit situation still unresolved until October..this offers negative sentiment for both Euro & GBP and the trend for both currencies is still 'Down' on all higher time frames.!

GBP is my favorite currency in recent few months and probably will be more for a year or so... Any time when you're looking at it, you know clear direction - down