EUR/USD Daily Video, July 11, 2011

Sive Morten

Special Consultant to the FPA
Messages
18,564
Good morning,
Long-term charts can't resolve the problem of future direction of the market. At least it's very difficult to make a conclusion right now - read weekly thread and you'll see a lot of contradictive signals.
Hence, we need to focus on short term trades with nearest targets and recent swings:



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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