EUR/USD Daily Video, June 29, 2015

[Sive Morten]

Good morning,

As political situation has not been resolved yet, as technical picture still keeps open both doors - as to upside as to the downside.
But we have two crucial levels to watch for, that probably will clarify further direction as soon as one of them will be broken.





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.

 

[Brett Reynolds]

Well..it's interesting to see what will happen, and indeed anything could. Any rally will surely only be limited as 'Still All technical's say Parity...this year..right!?
Another nasty Black weekly engulfing candle after shy retracement for last 3 weeks. On any other market i would be looking to take short position early next week....'but' ..i will 'wait this one out' because as you point out....1.1450 as of 1.0850...plenty of time to take short position.