EUR/USD Outlook for Jan 25

The EUR/USD (instant analysis of any symbol via the link) has support which sits just above 1.4120.  Support beyond is at 1.4100, 1.4085 and 1.4065.  At 1.4030 is the recent swing lows, with a drop below indicating another wave down for the the EUR.

The market has already corrected into the 1.4160-1.4180 region mentioned in prior posts and with that correction having taken place the overall bias is for a further decline in the EUR.  A rise above 1.4230 would challenge that outlook.  There is a band of resistance which extends from 1.4180-1.4220.  A push above 1.4230 indicates movement into 1.4260, with additional resistance at 1.4280 and 1.4300.

I have to admit, this is a little weird.  It’s a video that reveals a story about the #1 reason why most people lose money trading Forex…and how the “story-teller” himself was ultimately able to help those people make a life-altering “shift” in their trading.

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

p.s. Do you think it’s “weird”?

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

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