EUR/USD Daily Video, February 18, 2013

[Sive Morten]

Good morning,
market is a bit caught by solid support cluster, so unfortunately we can't count on explosive move down. Still there are chances exist to get some rally to sell into:




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.

 

[alexoptimistic]

what about scalping this first retracement up on monday? it could reach almost 100 pips up?

 

[Sive Morten]

what about scalping this first retracement up on monday? it could reach almost 100 pips up?

Well, personally, I do not want to do this. We now stand in a process of formation of weekly reversal pattern, that has not been triggered yet.
Still, If you find context of upward move acceptable, you may try, just it needs to be careful, if retracement will end earlier.

 

[ronyboy]

Well, this is what indicators show on daily and hourly time frames.
Theies are PrtSc so need to download first
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Rovi