Here below please find attached the video-analysis of the Euro FX currency futures for today February 12th:
The closer level of support that I do not fully trust, as indicated in Friday’s Euro FX video-analysis, has offered support on Monday. The 15min sequence of measured moves downward failed after the support level was successfully tested. Now remains the level at 1.3451 that has to be violated on the upside to provide confirmation of support also in the 4-hour chart.
Today the 1.3360 area could be retested again successfully. On the other hand, if the previous lows of Friday are violated on the downside, price could keep moving lower into the next important support area and long entry around 1.3200, as indicated on Friday.
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.
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 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