EUR/USD Daily Video, March 22, 2018

Sive Morten

Special Consultant to the FPA
Messages
18,766
Good morning,

Recent rally makes picture looks better for bulls, but final reversal confirmation has not been completed yet:



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.
 
More consolidation...'Backing & Filling'.! :rolleyes: I am holding 2 shorts positions. I fancy the Euro down at 1.2150 area at least!? A huge wedge is forming that could take us down to 1.20 area also!? Depending on today's close below the upper trend line from 16th Feb high and preferably below 1.2350 i could look to add in more.!? :D
 
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