Here below please find attached the video-analysis of the Euro FX currency futures for today January 17th:
The Euro never fell below the 1.3248 and today is showing strength. Yesterday I have indicated the 1.3280 as support area, but an extension retracement from 1.3100 to highs better models current market structure and it is what Program Trading is currently using. We have targets above at 1.3435 and clustered in the 1.3470-80 area.
Please, remember that we have a strong resistance in the 1.3510 area, so you may want to take some profits out before price gets there.
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