hereunder is your video-analysis of the Euro FX currency futures for today December 5th:
Price started a correction into the next support level and long setup identifiable on the 4-hour chart. The long area is 1.3070 with a stop below 1.3055. Should price move below this level we should look for a deeper retracement into 1.3000. This would also be an awesome opportunity to add to current swing longs in the Euro.
I anticipate price to keep moving laterally today and tomorrow and then see a new push higher on friday. As usually what I anticipate is not important and, although price has support from the 4-hour 20-period SMA, we could actually see a deeper retracement. Price will tell.
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