Euro-Dollar Analysis, January 15th 2013 (English Language)

Hello traders,

Here below please find attached the video-analysis of the Euro FX currency futures for today January 15th:

Price of the Euro futures contract is following the scenario related to the first leg higher I have introduced in the last Mid-Week Update on January the 10th, 2013. Newsletter subscribers are invited to (re)read that important email (those who have not yet subscribed my Newsletter can do it for free, just read the info at the end of this post).

The Euro FX futures price found support, so far, in the 1.3350 area. Should price stay above the important 1.3330 level (this level is being violated on the downside as I write, so discard the following), there are two reference target: the first in the 1.3440 area, close to the 1.3435 target of the largest long setup on the daily chart; the second in the 1.35-1.3510 area where a significant resistance is located.

Below 1.3330, price could slide into the 1.3260 (with a stop below 1.3220) before finding significant support and resume its move into 1.3480 first and then continue upwards towards the 1.3600 area.

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Have a good day

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

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