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EUR/USD Daily Video, November 17, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Nov 17, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    Although market has reached 1.3480-1.35 support that we've discussed, I do not see any Buy signal. Personally, I will be watching for buy oportunities on the next strong support area, around 1.33-1.3350. Currenly, I think that any pullback we should treat as possibility to enter short with target around 1.3330:





    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, Nov 17, 2010
    Lasted edited by : Aug 15, 2015
  2. Dollar-Reaper

    Dollar-Reaper Private, 1st Class

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    Problem with the video link

    There appears to be a problem with the video link.
     
  3. RahmanSL

    RahmanSL Major

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    You really think it will trend downwards to the 1.3330 level? That would be the Sep.20101 level.

    I have been following...and trading some positions...on EUR/USD pair all morning and it was bouncing up and down like a yo-yo in tandem with Silver & Gold.

    I still have 1 "Buy" opened position from yesterday, and 3 "Buy" opened positions from today....and all are in losses waiting for upward movement to the 1.3552 level.
    Think I should get rid of all these positions??

    Thanks!
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Well, possibly market will show some bounce from pivot support to one of resistances that I've marked on 4-hour chart, but I expect that it will be just a retracement up and then market can still reach 1.3330 area. But again, this is just my view...
     
  5. RahmanSL

    RahmanSL Major

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    Yes, the EUR/USD doesn't have any clear direction at the moment...jaus a moment ago, I though it was really trending downwards but it bounced right back up and start hovering where it has been all day..i.e around the 1.3494 - 1.3450 area.

    Hmmm, seems like a dicey pair to trade...think I will stick to Silver as movement is much more clear.

    Thanks for your analysis Steve and take care out there!
     
  6. Maulik

    Maulik Recruit

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    U r right..its in bearish behaviour.so its good to short it.

    Thanks for info
     
  7. Icarus

    Icarus Private, 1st Class

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    Hello Sive. Am I correct in seeing a Double Repo LAL signal on the 4-hour chart of the EURUSD? I had a short position from 1.3543 but closed it as I am uncertain what will show a failure of this pattern. Would it be a 4-hour close below the 3x3? Or a close below the 61.8 level from the recent low at 1.346 to the recent high at 1.3565? I know you have reviewed this in the past but I was unable to find the discussion in the archives. Could you possibly review the details of a failure of this pattern for us once again in a video? And also what is the possible target of any double repo failure? Thank you for your training on the forex.
     
    #7 Icarus, Nov 17, 2010
    Last edited: Nov 17, 2010

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