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EUR/USD Daily Video, June 09, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jun 9, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    Current video is a bit extended, since it has a lot of nuances. Currently is a very tricky moment on EUR. Although market is forming obvious juicy pattern - the place, where it is forming force to suspicions about it's possible failure.
    Anyway, let's see, what we can do today:




    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.
     
    #1 Sive Morten, Jun 9, 2011
    Lasted edited by : Aug 15, 2015
  2. BenOm

    BenOm Private, 1st Class

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  3. Rentech

    Rentech Private

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    Excellent analysis. Thank you
     
  4. vudu

    vudu Recruit

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    hi Sive,

    new to the forums and forex. just wanted to say really appreciate your time and efforts (especially doing it every morning !!!)
     
  5. ravco

    ravco Recruit

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    Excellent report today.

    Caught the downtrend of the right wing of the butterfly for 100+ pips . Resistence seems to have formed at 1.4505 . Is that indication of 'broken butterfly and possible upswing.....or completion of a normal butterfly which is followed by the upswing to 1.46xx ??
     
  6. vudu

    vudu Recruit

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    I thought we all caught the right shoulder down ? I'll have to check the video out. Like you know caught at armpit support of at 508 waiting for a break either way from daily support. Good ol Sive.
     
  7. ravco

    ravco Recruit

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    yes....thats what i'm trying to understand from his video...now that butterfly was formed and success achieved....is there more opportnity here in the upswing now for a BUY ?
     

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