EUR/USD Daily Video, June 26, 2012

[Sive Morten]

Good morning,
yesterday's price action was a bit different from our expectations. Still, current price action is tricky and we see that bulls are still have chances to change overall short-term situation. Mostly it should be resolved tomorrow. Major conclusion is to wait till tomorrow - here are our warnings:





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.

 

[amag80]

Hi Sive,

Great video and information. I have only just started following your analysis and see what i can learn from it and improve on my trading. Sive can you please tell me how do i use the MACD indicator that you use on your chart to know if it's bearish or bullish?

Thanks in advance

 

[Dermolikesprofit]

Thanks Sive, I think its a day to sit on my hands and wait for clearer picture to develop.