EUR/USD Daily Video, May 21, 2015

[Sive Morten]

Good morning,

EUR is gradually approaching to area where we should make a decision on long entry:





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.

 

[shayan]

I think EURUSD pair kept its stability above 1.1050 level after retesting it yesterday, to keep the positive effect of the double bottom pattern valid and active, waiting for positive trading in the upcoming period, with targets that begin at 1.1420 and extend to 1.1600 after breaching the previous level.

Breaching 1.1235 level will ease the mission of achieving the suggested targets, while breaking 1.1050 will put the price under more negative pressure on the intraday and short term basis. My yesterday's call for eurusd is Buy at 1.1100, Stop loss: 1.1060 area and take profit: 1.1250
Expected trading range for today is between 1.1050 support and 1.1250 resistance.

 

[Dave Hanson]

sterling to $54??

Hi Sive. After GB retail numbers were up big May 21, are you still sticking to 1.54 as entry point? Or a higher figure?n Thanks. Pvt. Dave Hanson