Sive Morten
Special Consultant to the FPA
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Good morning,
as we've discussed fundamental data could turn everything from top to bottom - that has happened.
Although yesterday we still have got some upward continuation - it has lasted right till US data about debt ceil increasing was released and H&S has come in play.
Currently market stands at some support and near targets, so turning to retracement is possible. If not - then next target is 1.3950-1.40:
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.
as we've discussed fundamental data could turn everything from top to bottom - that has happened.
Although yesterday we still have got some upward continuation - it has lasted right till US data about debt ceil increasing was released and H&S has come in play.
Currently market stands at some support and near targets, so turning to retracement is possible. If not - then next target is 1.3950-1.40:
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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