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:
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.
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.
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Have a great evening.
Giuseppe, the FibStalker