5m 52s: Lenght

To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=how_to_trade_forex&ad=8bU18UBv0Ys Moving on over to the EURUSD. As I just mentioned, we have a lot of news over the next 48 hours or so, as we go into Friday morning. A lot of news that could definitely affect the Euro. Currently we’re kind of stuck here on the EURUSD between resistance and support. Resistance of the trend line, the green trend line. Resistance of the 100-period simple moving average that yesterday found resistance into that level. We spoke about that during the Trade Room. Currently the pink-shaded area here in the middle of the chart, right around the 1.1200-level or so is support, but again, that could all change in just the very new few minutes with the ADP non-farm and over the next couple hours with the news coming up at 10 and 10:30. The ISM non-manufacturing PMI out of the US. And then again, the UK interest rate monetary policy tomorrow could bleed over here to the EURUSD as well. So, again, significant volatility could be expected. What we’re going to watch for today, and let’s go ahead and take it down to the four-hour timeframe. As we look for this, if we get negative news out of the US, negative news out of the US, ADP, ISM comes out negative today, we look for support here and the market to turn back towards the yellow-shaded area, possibly even testing higher above that yellow-shaded area. Any positive news, ADP or the ISM today, could begin the downfall of this currency pair once again as it pushes back through 1.1200, 1.1175, the pink zone. We begin to look for it to head on back down here towards this green-shaded area into the 1.1100-level towards the bottom here or in the middle of the chart. So, we’re definitely watching the news to see what happens. Negative news for the US sends this back higher. Positive news for the US sends it back lower. The key level to watch today I think will be that pink-shaded area, just underneath the 1.1200-level. Holding that as support, negative news, we’ll look for this to bounce higher. Positive news, a breakdown of the pink zone, let’s look for opportunities to go short on the EURUSD at that point over the next few days. https://www.youtube.com/watch?v=8bU18UBv0Ys Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.