Inside the Currency Market: EUR/USD

Price Path Review. Long 1.1246, Target 1.1298 Dead Stopped 1.1294. Recommended short to 1.1272 Dead Stopped at 1.1271, off 1 pip. Reported Bottom 1.1189 held. Shorts below 1.1245 was never a factor yesterday and overnight so multiple long/ shorts was also not a factor as was the case in past days. The price Paths and recommended multiple Longs and shorts have been near perfect over days now in many pairs. This only improves to achieve perfection.

EUR/USD. Bottom 1.1224, up 35 pips since yesterday. Range break above 1.1436 and rising ranges, Below 1.1126. Strategy. Longs above 1.1281. target 1.1332. We look between 1.1308 – 1.1332 if Target falls short. Points on the way up, 1.1284, 1.1295, 1.1308, 1.1306, 1.1320, 1.1332. Target met at 1.1332, shorts to Target 1.1306, Target met at 1.1294, short target to 1.1288, Target met at 1.1308 th4n short target 1.1294.

Shorts below 1.1280, target 1.1252. Look for long reversal at 1.1252 to 1.1280. Points on the way down, 1.1266, 1.1259, 1.1252, 1.1250, 1.1237, 1.1224 Bottom.

EUR/JPY Next

Brian Twomey, Inside the Currency Market, btwomey.com

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