EUR/USD Daily Video, April 11, 2011

Sive Morten

Special Consultant to the FPA
Messages
18,559
Good morning,
Market continues to creep higher, but just above it strong area of resistance. Although intraday charts show nothing yet - no sign of retracement, it could start in the beginning of the week.
Also watch for 1.42 area - it will be crucial for bullish bias.
I suggest you to read out weekly analysis as well, because it tells about some possibilies on weekly time frame.




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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