EUR/USD Daily Video, February 08, 2012

Sive Morten

Special Consultant to the FPA
Good morning,
yesterday our decision was to sit on the hands and now market stands very close to completement point of Butterfly pattern on 4-hour time frame. Although price action looks extremely bullish - do not fall in trap, be careful of W&R:

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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