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