EUR/USD Daily Video, April 26, 2012

Sive Morten

Special Consultant to the FPA
Good morning,

market is approaching some resistance and forming potentially bearish wedge on 4-hour time frame.
To be have confidence with bullish perspectives as previously, we need to see upward acceleration. Conversely, we could see classical bearish wedge price behavior.
Anyway, this is right time to protect or even take profit from long position, that we have from Monday:

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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