Sive Morten
Special Consultant to the FPA
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Good morning,
Yesterday market has destroyed hourly H&S issue. I think that market can reach 1.3512 area today. It very near to daily oversold at 1.3490.
At the same time the strong bearish behavior during recent days makes me thing that the probability of reaching 1.3250-1.33 area is rising, although after some retracement to the upside.
Also we take a look at yesterday's H&S trade:
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.
Yesterday market has destroyed hourly H&S issue. I think that market can reach 1.3512 area today. It very near to daily oversold at 1.3490.
At the same time the strong bearish behavior during recent days makes me thing that the probability of reaching 1.3250-1.33 area is rising, although after some retracement to the upside.
Also we take a look at yesterday's H&S trade:
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.
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