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 Fxtraderhub.com

Brian Twomey Inside the Currency Market, btwomey.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s