EUR/USD Daily Video, August 08, 2012

Sive Morten

Special Consultant to the FPA
Messages
18,666
Good morning,
situation has not changed much. Although our butterfly pattern has transformed a bit, but trading plan is the same - search for short entry around 1.25-1.2530, or, if market will show downward pullback first - keep an eye on 1.23 area for Long position opening:






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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