Forex EUR/USD Daily Video, 28 August, 2019

[Sive Morten]

Good morning,

EUR has failed major bullish test, and now we have no choice but wait for patterns whatever direction they will be:



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]

I agree about strange behaviour of PA and have never seen such ending diagonal so I am not 100% sure or it really is nor if I labeled it right. But so far, PA tested low of 1st down move and did not colappsed into potential C wave if trhis mess from yestrday would be treated as ZZ. Looking across the board all major $ pairs are ready to start BUT Loonie, whose target in my opinion is above 1,3320 to start down move. Yesterday Loonie looked like waiting Euor, today is opposite..