Euro-Dollar Analysis, January 29th 2013 (English Language)

Hello traders,

Here below please find attached the video-analysis of the Euro FX currency futures for today January 29th:

As anticipated this morning in the daily timeframe analysis for the Euro, price could find support at the 1.3425-30 area with a stop loss below 1.3408. Below the 1.3408 threshold we could have seen lower prices onto the 1.3300 next extension long area. Price did hold the 1.3430 area and confirmed targets before the US session open.

We now have targets above into the 1.3510 area (1st target) and into the 1.3560 area (2nd target). We also have unfinished business at 1.3600 which is the second target of the previous daily extension long that offered support at 1.3260 in the last two weeks.

Please keep in mind that selling the Euro at this stage is dangerous and a low probability trade. The Euro has still targets above (please review the video on the intermediate trading plan for the Euro going forward).

In my Mid-Week updates and weekend Newsletter I will analyze the Euro FX currency futures to show where we are headed in the coming weeks.

If you want to have  access to trading plans, watch weekly video reviews as I develop or record them, or get information on setups (before they happen) for the Euro-Dollar cross, the S&P500 index and some high volume  stocks, 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.

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If you intend using this information for your trading please do your own due 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

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

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