EUR/USD Daily Video, October 16, 2012

Sive Morten

Special Consultant to the FPA
Good morning,
market now is showing price action that is not quite natural for normal bearish price action. Although formally bearish context has not been cancelled yet, price behavior, especially on intraday charts, makes think about downward continuation with suspicion:

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.
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