EUR/USD Daily Video, August 16, 2012

Sive Morten

Special Consultant to the FPA
Messages
18,648
Good afternoon,
market still coiling around 4-hour support, although overall price action is not very favorable for bulls. Better to take some pause, since long entry is under question, while for short entry is not enough contex still:





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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