EUR/USD Daily Video, May 28, 2015

[Sive Morten]

Good morning,

EUR has tested our next support area. So, let's see will we get any pattern here...



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]

The EURUSD pair approached from touching our first main target at 1.0800 yesterday, and it bounced bullishly to settle around 1.0900 now, as the price is affected by stochastic positivity that loses this positivity clearly now, reaching the overbought areas, which supports the chances of bouncing bearishly to resume the bearish trend.

Therefore, we will continue to suggest the bearish bias in the upcoming period, supported by the EMA50, reminding you with our extended targets that reach 1.0640, while the bearish trend will remain valid unless breaching 1.1050 level and holding above it.

Expected trading range for today is between 1.0750 support and 1.1000 resistance.

 

[Brett Reynolds]

Oh..you mentioned 61.8 fib support in video! @ 1.08-1.075.. But not in text commentary...i don't think!? Amyway this is crucial is it not because if yesterdays Bullish Bar is taken out then this is failure of 4 hr Double Repo! Right? As on Gold...all looks 'Doomed' for the Euro!?: