EUR/USD Daily Video, April 07, 2011

Sive Morten

Special Consultant to the FPA
Messages
18,630
Good morning,
Today ECB should hike rate.
Although intraday behavior tells that market could hit 1.4350-1.44, but it could happen at pre-announcing Doom&Gloom turmoil.
Just after decision be aware of possible strong bearish reversal due to profit taking.




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.
 
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