EUR/USD and S&P500 emini daily update, January 21st 2014

Hello Traders,

In this brief post I share today s daily review for the EUR/USD forex pair and the S&P500 emini futures. The short setup I have mentioned yesterday in my free Newsletter weekly Review has materialized.

Check the below video and review the last Free Newsletter (check below how to register for it and receive the last 6 issues).

Below the video analysis, you can find the commentaries for the above mentioned markets:

EUR/USD
The Euro is headed into the 1.3320 area and, after that, the 1.2970 major support area. In the last 2 days we saw a small reaction higher. By tracking the sequence on on the 15min we just witnessed the failure of it that could mean a resumed move lower. However we cannot still rule out a retest of the 1.3600 area before a continuation lower.

S&P500 emini
This market went nowhere in the last few sessions. We have two levels of support below current prices at 1,784 and 1,757.

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

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Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

Giuseppe, the FibStalker

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Filed under Commodities, English language, Euro FX analysis and trade setups videos, Forex, Futures, S&P mini futures setups and trades, Trading Plan

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