EUR/USD Daily Video, June 13, 2012

Sive Morten

Special Consultant to the FPA
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Good morning,
although market is showing some bearish hints on intraday charts, still we have no good confirmation of downward continuation and can't absolutely exclude upward move a bit further. In nearest hours it's better to keep an eye on intraday flag consolidation:







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.
 
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Hi Sive,

I've got, for what it is worth, the E/U trading on the 4 hr charts within a sort of bear flag, albeit a big one now.

Waiting ...patiently!

EU4hr.jpg
 

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