EUR/USD Daily Video, August 24, 2011

Sive Morten

Special Consultant to the FPA
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12,886
Good morning,
Looks like our assumption that market will stand tight till Jackson Hole's testimony is correct.
Today we should focus on 1.4346 area, since butterfly on hourly chart could let as to enter in greater 4-hour pattern, that could explode right on Friday's testimony:



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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