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Forex EUR/USD Daily Video, December 07, 2018

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Dec 7, 2018 at 2:49 AM.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    EUR doesn't have inner direction right now and waits for impact of external factors. It seems that upside reversal has good chances to happen, but, IMHO, after final leg down to major weekly support:



    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.
     
  2. Brett Reynolds

    Brett Reynolds Sergeant Major

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    Too Tricky at the moment. I am holding a couple of short positions on euro from 1.1330..but looks like could be Stopped Out at 1.1420 especially with NFP today. However..we could just see a 'spike up' today...so i am tempted to remove my stops until 'after NFP'. A close and hold above 1.14 area is needed today..to make me change my mind.
    Having said all this..next week could be very interesting with all this Brexit Politics going on still. BIG Vote on Tuesday.
    I have a feeling that we could see £ and Euro Rally going into that vote..and i would not be surprised to see 'Gaps' on opening on Monday!? If this happens..( especially on £ Stirling)...i will be Ready..!! ha! :D
     
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  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Would you expect positive results? Something tells me that we could get the opposite one. ;)
    Next week is ECB on Thu as well...
     
  4. Brett Reynolds

    Brett Reynolds Sergeant Major

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    Well, honestly..after ALL the Negative comments form all parties about the deal...it would be 'The Biggest' shock EVER..if that was passed in UK Parliament on Tues! That said, i don't think it's going to affect Stirling so much because 'everyone is expecting it! Ofcourse if by some miracle it is Passed...then £Stirling will Skyrocket! But what are the chances of that!? o_O
     

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