Inside the Currency Market: EUR/USD

EUR/USD

As we head to the close and prepare for Asia, new levels, ranges to carry you through the remainder day and night.

To explain. Each price point will see struggles for price to go higher or lower. Prices just don’t walk through these points easily. Points are perfectly calculated and are exact. Levels and price points are for the :Day Trade”. This model is by far the best in my arsenal of many models due to its high high reliability and accuracy. It took many many months to perfect but its based on my many many years trading and understanding exchange rates, markets as well as what, how and why prices move. A few analysts now use this model for themselves and do very well. The vast majority that have been following along for many years know exactly how to trade this model so never deep explanations offered. Your round trip trades pay 100 pips per. That’s per pair and never a loss because we know exact price locations at anytime, its the most important ingredient. Further, this model is offered by the Central Banks. They use it so do we.

So EUR/USD. Again a big downslope curve. Shorts need a break below 1.0877 and 1.0875. We should see a slight rise . Next points 1.0884, 1.0892, 1.0892, 1.0906, 1.0920, 1.0931. Overbought and sell points begin 1.0931 – 1.0943. This area holds EUR from next top and way overbought at 1.0965 and 1.0995. But note range break points above 1.0925 and 1.1002. Point 1.0925 remais stasis since this morning. Below Range breaks 1.0826, up from this morning’s 1.0822. Then 1.0753. So 1.0826 and 1.0753. Overall range 99 pip range from 1.0826 – 1.0925. Soo then we trade vital points in between to serve scalpers, day traders and swing traders. Obviously all know, take trades at important range breaks.

Brian Twomey, Inside the Currency Market, btwomey

Inside the Currency Market: EUR/USD

EUR/USD

For today only. Rough patch 1.0866, 1.0867, 1.0868. Must break to go lower. Then 1.0876, 1.0888, 1.0900, 1.0910, 1.0919, 1.0968, 1.1017. Overbought begins 1.0943 – 1.0968. Way overbought begins high 1.0900’s. Big line here is 1.0981, should definately hold today. Good sell point if seen. If a break occurs here, EUR could be going higher, not much but higher. Why. Cause Curve again reveals a top so not much exists topside. Not likely we come anywhere close to 1.0981 though honestly. But Draghi is speaking as I write.

Ranges. Quite wide and opening further. Volatility is coming, bigger moves coming. Above range breaks 1.0940 and 1.1047. Below 1.0822. Today only, today only. Continue sell, sell rallies. These points are perfect, exact.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

EUR/USD

EUR/USD our EUR will contine to head down on its merry way. And despite severely oversold. Better we trade EUR/USD and any EUR pairs rather than GBP. GBP/USD has the potential to out perform every pair but Wage data yesterday at 3.2% Annual and fastest pace since 2010 will contain GBP for many months. Then we have BOE speakers sounding confident about Rate hikes. That;s all it takes to force GBP into small ranges and travel nowhere as it did all last quarter. EUR is different. The drivers are pure fundamentals based on Greece, QE, EUR project.

EUR/USD Next below 1.0902 comes 1.0894. This is a big break mentioned yesterday. A break lower begins a new downtrend that takes EUR far lower. From 1.0894 then 1.0890, 1.0872, 1.0851, 1.0848, 1.0821. Then we begin focus on 1.0700 and 1.0600’s.

Above Points 1.0974, 1.1000, 1.1002, 1.1003. Big breaks above 1.1040 and 1.1127. 1.1040 remains stasis while 1.1127 is moving down slowly. Strategy is short, remain short, sell any rallies.

XIE XIE Singapore, dhanyavaad India, Dankjewel Netherlands, Muchas Gracias Spain, Tak Mange Tak Denmark, gamsahamnida South Korea, Shume faleminderit Albania. XIE XIE China ( Mandarin assumed), More to follow, many thank you’s to the many many readers, followers, friends. All should be in good profits. Many requests were filled as well, feel free for any currency requests, My arsenal is 400+ currency pairs.

Brian Twomey, Inside the Currency Market, btwomey.com