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.

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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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