MXN Dead stops and reverses at 16.3000 but not the full target at 16.3100. EUR/USD target at 1.1112 Dead stops at my reported 1.1087 and reverses. MXN was telling us what to expect. My reported target on shorts from above easily hit 1.1026. We are now pivoting from 1.1026 so this point was actually perfect. We will suffer another day of slight misses on targets above. Misses will be ever so slight but so so close. Targets below from shorts should be dead on perfect. To most it may not mean anything. I like perfection because I put much into models to achieve perfection.
EUR/USD. Bottom 1.0970. Range break above 1.1151, below 1.0700’s. Strategy. A break above 1.1027 targets 1.1083, 1.1097, 1.1111, 1.1137 Max. Point at 1.1135 – 1.1137 is monster rough resistance. The main target is 1.1083. Below 1.0925 targets 1.1013, 1.001, 1.0997, 1.0970 bottom. We are looking for target and break at 1.0970. The forecast is good till the China open.
Brian Twomey, Inside the Currency Market, btwomey.com