Euro-Dollar Analysis, December 5th 2012 (English Language)

Good afternoon,

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.

Tonight I will send a mid-week update (see an example here) to my newsletter subscribers with an updated view on the Euro and S&P500 trading plans (an example of my plans here). I will also include a video analysis for the Dollar Index, the Euro FX currency futures and the S&P500 e-mini.

If you want to have  access to trading plans, watch weekly video reviews as I develop or 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 like market commentaries, setups, e-books, articles on HFT and program trading, learning material on my method 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

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

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