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EUR/USD Daily Video, December 14, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Dec 14, 2010.

  1. Sive Morten

    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.
     
    #1 Sive Morten, Dec 14, 2010
    Lasted edited by : Aug 15, 2015

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