Inside the Currency Market: EUR/USD 2 Hours

This forecast is good for 2 hours. Our focus today will be EUR/USD due to Non Farm Payrolls.

Bottom. 1.0856, down 16 pips 1.0872 from last evening. No range breaks seen above or below. Overbought sell point 1.0954. On the way down 1.0943, 1.0932, 1.0924, 1.0916, 1.0912. Shorts must break 1.0910 to target bottom at 1.0856. Don’t marry the bottom target due to a 2 hour duration in this trade.

Brian Twomey, Inside the Currency Market, btwomey.com

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