few weeks ago I started sending mid-week updates on the Euro FX, Dollar Index and S&P500 e-mini futures to my free Newsletter subscribers in order to provide additional information while thanking followers for support and continued interest in my work. In this post I am providing another example of such mid-week updates. Mid-week updates also include trading plans for the Euro cross & SP500 index (not included in this sample). If you want to see an example of trading plan, refer to the one published this week on the S&P500.
‘I have recorded a brief video in which I reviewed the Dollar Index, the Euro-Dollar and the S&P500. I reviewed each contract in the mid-term timeframe (daily chart). As weakness in the Dollar has started again, as anticipated, and the Euro found support in the 1.2670 area we should now see the start of the new leg higher. The behavior of S&P500 price will decide whether we get the divergence or not. Please find the video update below.’
This week action confirmed the support in the 1.2670 area and the start of the new leg higher in the Euro with targets at 1.3420 and 1.3830.
If you intend using the information provided in this post and in my blog for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided here is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.
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