EUR/USD Daily Video, May 04, 2018

[Sive Morten]

Good morning,

NFP has good chances to be from neutral to positive. This, in turn, could push EUR slightly lower to 1.1890-1.19 area today:



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.

 

[FreddyFX]

meanwhile I have wiped reaching parity this year from my whiteboard

 

[Sive Morten]

meanwhile I have wiped reaching parity this year from my whiteboard

Ugh...
Parity... who knows... I'm ready to talk about 1.10-1.12 by far. But...
if yields in US will accelerate further, parity is not an exception. Actually we've run 1.03-1.26 distance last year... so why it can't happen in opposite direction? (this is rethoric question)
Besides, markets always drop faster than rising. Drop is driven by fear while rising is driven by greed. Fear is stronger.