EUR/USD Daily Video, September 13, 2012

Sive Morten

Special Consultant to the FPA
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18,564
Good morning,

There is few that we could add to previous analysis. Market is closer to resistance range and some exhausting signs have appeared on intraday charts:





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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Thank you for the analysis Sive - very helpful to have your daily charts and explanations, helps me get a clearer picture. I think the announcement of QE3 and Ben Bernanke sounding so uncertain regarding a possibile fiscal cliff event that we may see a global run from the USD during Europe /London session and maybe retracement next week.Will be interesting to see what happens and when. In the meantime I'm going to sit on the sidelines and wait for clearer signals- patience is a virtue ! :)
 
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