EUR/USD Daily Video, November 30, 2010

Sive Morten

Special Consultant to the FPA
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18,644
Good morning,
yesterday market has shown the real weakness. And It seems to me, that it will hit daily target and weekly pivot support1 first and will show meaningful retracement only after that. Possibly we can use shallow intraday retracment to enter.But let's move forward gradually:





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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A new AB=CD?

Hey Sive,

your Videos always have given me a very good overview. Keep up the good work!

But what do you think about this scenario?
 

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Sive , great call again Sive , thanks so much , now that we have hit the target in 1.2953/12974 area ( low of 1.2968 ! ) and show some strength and a bounce to 1.3045 so far , what do you see as upside target area for this retracement please ? UPDATE !! forget that looks like another "dead cat" bounce that cant even get over 38 % of todays losses !! Portugal downgrade , German "wise man" comment and down we go again !
 
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