Euro-dollar Analysis, September 20th 2012 (English Language)

Hello,

please find hereunder the latest video update for the Euro-dollar cross:

Price of the Euro FX currency futures contract violated the 1.2965 level to the downside so confirming the continued correction downwards.

Price will have support at 1.2920 and 1.2830 and we could see the Euro bouncing off these levels. However I believe price will correct into the 1.2620-1.2630 area before starting the new leg higher into the American elections in November.

Have a great day!

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Filed under English language, Euro FX analysis and trade setups videos

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