Forex EUR/USD Daily Video, 29 August, 2019

[Sive Morten]

Good morning,

EUR has no good trading setup now, but overall situation stands thrilling and it seems that strong action should return on the market soon:





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]

Agree, fast leg up is a problem to define, weather a real impulse for upside or X of complex correction and we are in Y, which could go into new LL, not just below X as supposed to, but that would not spoil the picture for upside, because whole move from 1,125 down could be A of running and then expected expanding triangle with top above 1,125.. At 11.00 is EU Comission but no ther specialities so what would trigger the market? Something happaned for sure, Loonie dropped and US30 jumped, Silver is going, Gold is not do hot for up, but the last I expected, they have to make ratio aprox 1 : 60/50, then real move down on gold and silver comes.

 

[luckyanand12]

US prelim GDP can be a trigger factor.