EUR/USD Daily update, January 29th 2014

Hello Traders,

In this brief post I share today s daily review for the EUR/USD forex pair. Below the video analysis, you can find the commentaries for the above mentioned markets:

EUR/USD
The Euro is still showing a fierce battle between bulls and bear on several timeframes.

Particularly:

  • on the daily, bears are located in the area starting at 1.3700 and bulls located in the area starting from 1.3620
  • on the 240min, bears are guarding the area starting at 1.3670 and bulls are located in the 1.3620 area
  • on the 15min, bears are guarding the area starting at 1.3670 and bulls are in area starting at 1.3640

All this information can be inferred by studying the effects of Program Trading on the different timeframes.

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 English language, Euro FX analysis and trade setups videos, Forex, Trading Plan

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