EUR/USD Daily Video, September 08, 2014

[Sive Morten]

Good morning,

here is our trading plan for nearest perspective:




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.

 

[Michael00007]

No , the EURO will not go up due of any technical indicators because according to what I read elsewhere the European Central Bank ,who I normally pay no attention to ,want the currency to devalue to at least 1.25000 by the end of this year .The Monthly chart does not show any overbought indications - it is just below the 50 level on the RSI indicator and heading lower .
And more importantly I have an open sell order that I want to win for once !