EUR/USD Daily Video, June 14, 2012

Sive Morten

Special Consultant to the FPA
Messages
18,648
Good morning,
by yesterday's upward breakout of flag consolidation, market has established short-term bullish context. So, we could search possibilty to enter Long. Next target on daily time frame is 1.2775. But one thing that we have to avoid - fast downward move. We need gradual and soft retracement to our potential entry level:





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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