EUR/USD Daily Video, April 15, 2011

Sive Morten

Special Consultant to the FPA
Good morning,
Although market has not accomplished our butterfly "Sell" pattern, currently it is forming another one.
My expectation is still the same - I think that market will clear out 1.45-1.4550 area before will show any reversal patterns. But trading such kind of environment has more risk:

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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Hi Sive,

Hope you have a great weekend.

If you get a chance would you mind briefly looking at NZDUSD in the coming week there is some serious blow off price action with 22 consecutive days above the prior daily range.

If you got out a protractor I'd say a 65-70% angle at the moment, can it go vertical? ;)

Thanks again for your analysis, you're a champ for donating your time as you do.