EUR/USD Daily Video, July 29, 2013

[Sive Morten]

Good morning,
EUR has shown really tight action on Friday, but this should not lead to our relax. This is time of careful watching and expectation:






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]

Hey Sive. Tks for your weekly analysis. Not much difference from what you have been saying for past week or so really. Just waiting to see some PA around that level 1.3350..(if it reaches it!?). The Bullish undertones are backed up in my opinion if you look at the Gold chart. A nice Bullish Pin Bar by close of business last Friday which was again coming off an upward Trend Line and the 8 Day EMA!I think we could see a retrace of this PB to around 50% level, in tandem with a retrace on the euro to around 1.3225 level before upwards continuation..?