Inside the Currency Market: EUR/USD

Price path since 1:00: Shorts at 1.1203, target 1.1175 reversal point Dead stopped at 1.1183 then reversed to 1.1203 as mentioned. Then long from 1.1204 Dead Stopped at 1.1244 in Between Target at 1.1231 – 1.1256. Price reversed to 1.1231 from 1.1244, I mentioned 1.1230. Not exact as I wanted but close. We hit near perfect Statistical Price paths in last 7 hours. EUR/JPY as well. That’s next post.

EUR/USD. Bottom 1.1189. Range Break above 1.1413, Below 1.0938. The topside is rising, Bottom side hardly moving all week. Overbought Sell point 1.1273, 1.1285, 1.1298. Exact point is 1.1298, may fall short. Strategy: Longs above 1.1246, target 1.1273 – 1.1298. Points on the way up, 1.1249, 1.1251, 1.1273, 1.1285, 1.1298. A target met at 1.1298, reverse short to 1.1272, Target met at 1.1285, reverse short to 1.1265, target met at 1.1273, reverse short to 1.1259.

Shorts below 1.1245, Target 1.1217 then bottom 1.1189 on 1.1217 break. Points on the way down, 1.1237, 1.1231, 1.1220.

Brian Twomey, Inside the Currency Market, btwomey.com

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