EUR/USD Forex Analysis – Jan 11

Strong buying in the EUR through early trading  and currently sits at 1.4500, an interesting level.  Continued movement above 1.4500 indicates at least a short-term swing higher for the EUR.  Resistance beyond this level is scattered and does not come in significantly until the 1.4600 area, 1.4625, 1.4665 and the 1.4700 region.

On the downside minor support comes in between 1.4470-1.4460, 1.4435-1.4425 with additional support coming in around 1.4400.  1.4355 and 1.4320 provide support in the case of a further reversal.

Here is a weird video that reveals a story about the #1 reason why most people lose money trading Forex…

Why do I say it’s “weird”?  Maybe because it’s about stuff most people are afraid to admit about themselves & their trading.

Check out this “weird” Forex story here:

http://www.customforextrading.com/y/?i=1083859&u=3&l=f15

As you immerse yourself in the story, see how close it is to YOUR Forex story…

Cory Mitchell, CMT

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