EUR/USD Daily Video, December 23, 2013

[Sive Morten]

Good morning,
EUR still stands in "special" situation situation still can move in one or another direction. That's why currently we mostly should focus on very short-term setups and targets:





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.

 

[Brett Reynolds]

Yes, I agree that the Bullish trend for euro is certainly not over 'just yet'. Looking at the monthly chart we have a Pin Bar in November which is right off the upwards trend line at 1.3275 approximately. The 50% level of this Pin Bar is around 1.3450 area which I also have marked as an area of support. If we get a retrace to that area in the next week or so then it will be confluent again with the upwards trend line which has been respected in Apr, May July & Sept etc. If euro retraces to this area then I will be watching for a sold PA signal to get long again..(if it reaches it?)