Euro-dollar analysis, September 4th 2012 (English Language)

Hello,

hereunder my video analysis for the Euro-dollar.

Nothing has changed with respect to last week and, as expected, yesterday has been a non-event day with small volume and price range.

The coming days are going to be key for the Euro, especially due to the decisions communicated at the ECB meeting on Thursday. This week we will probably know if price of EURUSD can get to and over 1.2780 or the bullish push will exhaust itself starting a new move lower (I lean towards a continuation higher, but price will tell all we need to know).

If price continues higher a reaction in the 1.2690-1.2730 area should bring an opportunity for a quick short trade (one-two days) into the 1.2590-1.2600 support and new long area.

This week we will see if this opportunity will present itself.

Have a great day!

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