EUR/USD Daily Video, June 10, 2013

[Sive Morten]

Good morning,
Since market now stands in very intriguing point on big picture and has not chosen a direction yet, we can't make bet on long-term direction as well. Thus, we have no choice but mostly deal with some short-term or even scalp setups or patterns, until market will make the choice:






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.

 

[Apfelsnutz]

Hi Sive, Yes, considering the current euro. situation, I beleive the way for the eur/usd is down. Germany has started to make it's move to shed the euro as base currency by recalling all of their stored gold deposits with foreign countries such as uth US and Zwitserland. They are tired of carrying the eurounie. I beleive e sill see a constant erosion of the euro over the rest of 2013, and a collapse after the follies of the US Goverment are brought to light in 2014.

Thanks for being there for all of us, Ron