Here below please find attached the video-analysis of the Euro FX currency futures for today January 10th:
The second of the two scenarios presented in my last Mid-Week update, sent out to my subscribers on January the 2nd (subscribe here for free to receive my updates and weekly newsletter) played out since Friday last week. With price moving below 1.3055 last week we knew price was due to test the next level of support in the 1.3000 area. In my mid-week update I have indicated a low at 1.3003 while the actual low was only 2 pips above this level, at 1.3005.
Today’s move in the Euro after confirmation of interest rates at 0.75% and Draghi speak at the monthly BCE meeting pushed prices higher as we were anticipating. The 1.3000 area of support has a confirmed target in the 1.3470 area. However I am going to target for profits the 1.3435 level. I believe price can get there within the end of next week.
Tonight I am going to send the Mid-Week update to my subscribers where, among other things, I will project the Euro FX currency futures prices for the next two months – according to Program Trading rules.
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