Inside the Currency Market: EUR/USD

Bottom 1.0990. Range break above 1.1181, below 1.0800’s. Long Target today 1.1112. A miss then 1.1125, 1.1139, 1.1153. Roughest resistance 1.1065. Again I have top for today and light years of daylight below. I see what these central bankers are doing so I’m warning be careful. Sometimes these guys are friends, other times they are nasty. Big resistance between 1.1054 – 1,1063. That area may be shortest term target on shorts. A break take shorts to 1.1026.

Strategy. Overbought sell point 1.1112. Points on the way down, 1.1139, 1.1112, 1.1099, 1.1086, 1.1063, 1.1056. Need a break of 1.1054 to stay short then look for targets right about 1.1026.

Brian Twomey, Inside the Currency Market, btwomey.com

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