Inside the Currency Market: EUR/USD

Bottom. 1.1053. range break below 1.0932, above 1.1200’s.. Strategy. To target bottom 1.1053 then 1.1080 must break below. Above 1.1080 targets 1.1108. Price must break 1.1109 to target 1.1164. Above 1.1109 points, 1.1111, 1.1116, 1.1126, 1.1136, 1.1150, 1.1164. Normalization is back, targets, levels and ranges are perfect. 1.1109 is a tough break and may not be seen. If 1.1053 breaks and its not likely until possibly this afternoon, then its short on the 1.1053 break. This is the forecast and dictated by the central banks. Central banks love to see those long 1 hour candles cause they set rates in between on the candles to stop price movements. That’s why it takes so long for prices to leave those ranges.

I will look and post other pairs. Will post this afternoon as well.

As always thank you to my friends at Fxstreet, hope your pockets are and will continue to be filled. Thank you

Brian Twomey Inside the Currency Market,


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