Inside the Currency Market: EUR/USD, EUR/JPY

Slight updates to ensure we’re on track.

EUR/USD. Bottom 10979. Range break above 1.1160, below 1.0800’s. The area at 1.1145 is rough resistance. Overbought Sell point 1.1092. In case slight miss 1.1119 sell. 1.1092 is main sell point.

Strategy. Longs above 1.1036, target 1.1092. Then reverse short to 1.1064 then 1.1036. Price below 1.1034 targets 1.1006 then 1.0979. Points on the way up, 1.1039, 1.1052, 1.1066, 1.1066, 1.1079, 1.1092.

EUR/JPY. Bottom 137.42. Range break above 139.69, below 136.54. Overbought sell point 138.83. In case miss 139.17. Points on the way up, 138.21, 138.36, 138.42, 138.51, 138.66, 138.83.

Strategy long to 138.83. Reverse short to target 138.47 then 138.12. Price below 138.12 is short to target 137.77 then bottom 137.42.

Brian Twomey, Inside the Currency Market, btwomey.com

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