Sive Morten
Special Consultant to the FPA
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Good morning,
Market has reached some resistance - accomplished butterfly target, reached monthly pivot and weekly pivot resistance 1.
I think that market should reach 1.3440-1.3460 daily target before it can turn to some retracement
If you're bullish - don't marry any position - the strong resistance is just above the market
If you're bearish - wait for market failures and sell signals in 1.3440-1.3460 area:
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.
Market has reached some resistance - accomplished butterfly target, reached monthly pivot and weekly pivot resistance 1.
I think that market should reach 1.3440-1.3460 daily target before it can turn to some retracement
If you're bullish - don't marry any position - the strong resistance is just above the market
If you're bearish - wait for market failures and sell signals in 1.3440-1.3460 area:
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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