EUR/USD Daily Video, January 01, 2018

[Sive Morten]

Good morning,

EUR shows positive mood and it seems that it is relatively safe to keep longs till 1.2125 area:



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.

 

[Davidovic]

Hi Sive, so you prefer to go out on the 38.1 retracement of the last leg Usd/Jpy? You don't think the ABCD 113.80 COP will be reach? Thx

 

[Sive Morten]

Hi Sive, so you prefer to go out on the 38.1 retracement of the last leg Usd/Jpy? You don't think the ABCD 113.80 COP will be reach? Thx

Hi,
Mostly yes. At least some action should be done on 3/8 - either move stop to b/e, or close 50% and move stop to b/e on the rest.
Picture that we have on DXY and EUR put serious test on JPY setup that we've discussed last week. May be something will change, but now it is better to use insurance and just watch what will happen.

 

[Davidovic]

Thank you for your reply... Have a nice holiday...