EUR/USD Daily Video, March 06, 2015

[Sive Morten]

Good morning,

EUR has completed all patterns that we've monitored and now we need just one thing - moving above previous lows:



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.

 

[Sipi]

Hi Sive!

161,8 daily butterfly could be ok? or this rewrite the whole picture?

 

[Sive Morten]

Sipi,
As we have said in the video - we need EUR return back above 1.10 previous lows. No return - no entry.
This is another time when we again see that patience is a wealth.

 

[Sipi]

It's ok, but question remains question.
3-400 pips is too far in monthly, weekly timeframe (from 1,12), if from 1,0830 start the move? Still valid the weekly drpo and so on...?