Here below please find attached the video-analysis of the Euro FX currency futures for today January 3rd:
The second of the two scenarios presented Yesterday played out with price piercing the 1.3140 on the downside. Price is currently at support in the 1.3100 area. On the 4-hour chart a sequence of extensions measured moves lower is in place. The next resistance level comes at the 1.3120 area with targets below at 1.3080 and then 1.3050.
Above 1.3135 the 1.3100 area of support is confirmed and the Euro could resume its move higher into the 1.3440 target. But be if the 1.3200 area of resistance holds pushing price lower, below 1.3050 the retest of the next support area at 1.3000 is almost certain.
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