Euro-Dollar Analysis, October 4th 2012 (English Language)

Hello,

please find attached the video-analysis for the Euro-Dollar cross:

At the moment we have a battle over the trend going on. Resistance is at the old 1.2950 area and support showed up in the last 2 days at the 1.2900 area.

This afternoon (US morning) we could have a very volatile session due to the BCE meeting. I believe that by the end of this week or beginning of coming one the situation will resolve one way or the other.

I still think we will get a continuation towards the 1.2630 level where a lot of long interest is located. Price will tell.

Have a great day.

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

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