Euro-Dollar Analysis, November 22nd 2012 (English Language)

Good morning,

hereunder is your video-analysis of the Euro FX currency futures for today November 22nd:

Euro price kept climbing higher and it is now trading in extensions on the 4-hour chart. Price, however, is currently bouncing off the 1.2900 area of resistance I have indicated on the charts.

We can still expect 2 scenarios that I am going to comment to my free newsletter subscribers today in the Mid-week update:

1) price keeps moving higher in extensions and reaches next target at 1.2930 before retracing. This scenario is negated if price moves below the 1.2838 level.

2) price corrects into the next level of support, one of the following 1.2820, 1.2790 or 1.2700-30.

We could witness a swift move lower tomorrow when few people will be watching the markets, due to US holidays. Such a move would allow big money participants to get their fills at better prices in the coming week before the next leg higher would be unleashed in the Euro. But this may not happen if scenario 1 holds.

If you find this video interesting please share it with friends and fellow traders. Thank you.

I write a weekly newsletter. If you want to have  access to trading plans, watch weekly video reviews as I record them, or get information on setups for the Euro-Dollar cross, the S&P500 index and some high volume  stocks (before they happen), please subscribe my newsletter. It’s free and you get additional content, market commentaries, setups, e-books, articles on HFT and program trading, learning material and video-analysis that I don’t make available on my blog. Today I am going to send a mid-week update like the one published on November the 7th (I usually send these updates on Wednesday).

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

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

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