Forex EUR/USD Daily Video, November 19, 2018

[Sive Morten]

Good morning,

EUR shows good upside pace but it comes to strong daily resistance. Price action around it should clarify medium-term perspective of the market:



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.

 

[PassPP]

Good morning,

EUR shows good upside pace but it comes to strong daily resistance. Price action around it should clarify medium-term perspective of the market:



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.

Dear Sive ,great report ,what s the most technically where the market should turn to expect a downward reversal?much further than the XOP ?thanks

 

[Sive Morten]

Dear Sive ,great report ,what s the most technically where the market should turn to expect a downward reversal?much further than the XOP ?thanks

Hi mate,
you do not know in advance, whether it will be reversal or just pullback. Common background for reversal is existence of strong area and reversal pattern on lower time frame. For example, according to our scenario - we have daily K-resistance, intraday XOP. Once they will be reached, we could watch for bearish reversal pattern on intraday charts.