Euro FX Daily Video, 18 August, 2010

Sive Morten

Special Consultant to the FPA
Messages
18,664
Good morning,

market is really choppy and I do not see any nice signals for position
trading.

The main area for today 1.2780-1.2800. If market will fall through it like a knife - I will do nothing. If we will see some strength around it, so there can be a possibility for short-term scalp Buy.

Here are details:


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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