Euro FX Daily Video, 17 August, 2010

Sive Morten

Special Consultant to the FPA
Hello everybody,

The price action in recent days was very choppy, but market holds
above monthly pivot point and it makes me think that possibly we can see move to weekly Pivot around 1.2930. But this is partially a slice and dice game, because I do not see any real strength or up thrust on the market, only the fact that 1.27-1.2730 holds .

So, take any signals with caution, In fact, I can't recommend any trades right now, and I share with you today just with my suspicions:


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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