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EUR/USD Daily Video, May 31, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, May 31, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    there is less and less hope that we will see any meaningful retracement now, since market has broken all significant levels and reversal patterns.
    Still, currently it stands at daily oversold and WPS1 and shows nice context for B&B "Sell", DRPO "Buy" or DRPO Failure pattern on 4-hour chart - depending on how price action will develop in nearest hours:





    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.
     
    #1 Sive Morten, May 31, 2012
    Lasted edited by : Aug 15, 2015

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