{"id":60228,"date":"2012-07-10T10:45:55","date_gmt":"2012-07-10T00:45:55","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/07\/10\/a-week-to-watch-the-euro\/"},"modified":"2012-07-10T10:45:55","modified_gmt":"2012-07-10T00:45:55","slug":"a-week-to-watch-the-euro","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/07\/10\/a-week-to-watch-the-euro\/","title":{"rendered":"A Week To Watch The Euro"},"content":{"rendered":"

\n\tFNArena<\/span> has added another video to its Investors Education section on the website. This week, ATW's<\/span> Jerry Simmons takes a new look at the EUR\/USD, noting it has completed a five wave move, taking out a pivot low in the process. The question he poses is: will the euro be able to hold this week?<\/p>\n

\n\tJerry sees a high rated support in the 1.2270 area, with the next zone down at 1.220, after that it’s a ways down to the next level in the 1.185-1.197 area. If we were break out below the Jan 1st<\/span> low, Jerry sees it as a great place to set a short trap, so be careful, he warns.<\/p>\n

\n\tOther than that, he notes a major low was reached back in June 2010 and there could be some seasonal relationships with a double bottom move in June-July, which could prove significant.<\/p>\n

\n\tOf other instruments, Jerry points out daily crude exploded to the upside last week. That said, he notes it's now sitting at a dual purpose trend line and both have pulled back. The natural gas daily chart is showing a double bounce is in place. However, he sees chance of a potential pull back to the area of 2.64-2.73.<\/p>\n

\n\tThe Nasdaq futures is currently sitting on a 2595-2600 support zone, with the next zone down in the 2570-2580 range. As long as there’s no break below 1.22, Jerry thinks a breakout down won’t be confirmed.<\/p>\n

\n\tTo view the ATW<\/span> Strategic Prep Video click HERE<\/a> or visit the FNArena<\/span> Investors Education section of the website<\/span>.<\/p>\n

\n\tHere's the direct link: http:\/\/www.fnarena.com\/index2.cfm?type=dsp_front_videos&vid=91<\/a><\/p>\n

\n\tAll views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).<\/p>\n

\n\tJerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW).<\/p>\n

\n\tFNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.<\/p>\n

\n\tThe above mentioned videos can be accessed via the FNArena Investor Education section at http:\/\/www.fnarena.com\/index4.cfm?type=dsp_front_videos)<\/p>\n

\n\tFind out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ATW’s Jerry Simmons takes a new look at the EUR\/USD, pointing out there are signals for both support and pressure.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[29,24],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60228"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=60228"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60228\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}