Euro-Dollar Analysis, November 29th 2012 (English Language)

Good morning,

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.

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Have a good day


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

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