EUR/USD Daily Video, June 09, 2011

[Sive Morten]

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.

 

[BenOm]

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.
QUOTE]

Hi Sive,
Your analysis is alway good, but today it was excellent, especially with the explanation on the M15 chart.

Bernard

 

[Rentech]

Excellent analysis. Thank you

 

[vudu]

hi Sive,

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

 

[ravco]

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 ??

 

[vudu]

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.

 

[ravco]

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 ?