EUR/USD Daily Video, August 07, 2012

Sive Morten

Special Consultant to the FPA
Messages
18,571
Good morning,
market has hit overbought and stands in semi-position relative to our destination area. So, if market will form reversal pattern - we will have to enter short, while deeper retracement down should be used for long entry:





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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