hereunder is your video-analysis of the Euro FX currency futures for today November 29th:
After failing the extension support level at the 1.2925-30, indicated on November 27th, I thought we would see a deeper retracement in the Euro going to test the 20-day SMA into the 1.2840 support level. This was not the case and price went to trade an uncommon support.
This is the traditional long at the 1.2880 area of support showing two targets above: the first at 1.3080 and the second at 1.3180 (previous highs). Should price move lower again I anticipate 1.2880 holding and the 1.2842 should be a good stop-loss level.
If you find this post interesting please share it with friends and fellow traders. Later on today I am going to send the mid-week update with a video-review of the Dollar Index, the Euro-Dollar cross and the S&P500 (see an example here published on November the 7th), plus an update on the trading plans for the Euro and the S&P500.
To receive it pleae read below. 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.
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