Euro-Dollar Analysis, December 6th 2012 (English Language)

Good afternoon,

hereunder is your video-analysis of the Euro FX currency futures for today December 6th:

Price moved below 1.3055 and then went to test the all the way half way back short in the 1.3080-90 area. So far it found resistance and, as I write, price is moving down into the first target at 1.3025.  The second target is in the 1.2985-90 area, well within the next support area starting at 1.3000-10.

If price continues lower after hitting the 1.3025 target we could see it holding at around 1.3000. We need to witness a break of the sequence of measured moves short on the 4-hour chart before we can commit capital again to our swing longs.

For your information I write a newsletter. 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

Leave a comment

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s