EUR/USD Daily Video, July 16, 2013

[Sive Morten]

Good morning,
EUR stands flat and market does not suggest of making some agressive action. Although we probably should wait a bit, there are some moments that seem to be important:





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.

 

[toshaukr]

Hi Sive! Thanks for today's review. Interested to know your opinion, don't we have a wedge on the 4H that has been broken to the upside? I also noticed that if this is really a butterfly on the 4H forming, then its 1.27 reversal target coincides with the Weekly PR1. Chart attached.

Thanks!