Euro-Dollar Analysis, January 3rd 2013 (English Language)

Hello traders,

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.

Trade safe.

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

Advertisements

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:

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s