EUR/USD Daily Video, July 11, 2014

[Sive Morten]

Good morning,

EUR could form multiple setups in short-term perspective, but hardly solid motion will happen till July Fed meeting:





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]

In agrrement with Lolly Beautiful Butterfly too but I will watch 1.3550 area. I also took profit from CHF from 8950 to 89. X2 Pin Bars which I mentioned before. Now I buy CHF again to retest 89.50 level which also goes along with Euro Butterfly Buy. I also think that if 89.50 level is broken to upside on CHF then this will help confirm downward continuation on euro/$! I am also seeing Big H&S Pattern on weekly chart..with x2 left shoulders already! If this Butterfly buy works out at 1.3475 level then we have start of 1st right shoulder back to 1.3750 area.
What about this Sive? Is it Brilliant...OR what!!?