Euro FX Daily Video, August 26, 2010

Sive Morten

Special Consultant to the FPA
Good morning,
looks like 1.26 area holds the market, but I do not see any signals for
positional trade yet. May be only for short-term scalp trade.
I prefer to see some strength on the hourly chart and wish that 1.2680 area holds the bulls in charge. If market will break in below - I'll be flat.
In case of thrust up from 1.2680 area probably, we can enter long with 1.2760 target but this is not perfect context. Reduce trading volume, if you'll take this trade.

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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