Inside the Currency Market: EUR/USD

Quick review. Sell 1.1567, Dead Stopped 1.1519, reversed to 1.1567. Long 1.1567 Dead Stopped at Target 1.1619 then reversed to 1.1549 and in between reported 1.1552 – 1.1540.

EUR/USD. Bottom 1.1518. Range break above 1.1722, Below 1.1432. Overbought sell point 1.1628, 1.1655, 1.1683. Strategy. Longs above 1.1577, Target 1.1628 – 1.1655. Reverse short at Target to next target 1.1602, 1.1616. Points on the way up, 1.1581, 1.1593, 1.1605, 1.1628,1.1655.

Shorts below 1.1577, Target 1.1547, 1.1532. Look for reverse long at 1.1547 to target and break 1.1577. Points on the way down, 1.1573, 1.1561, 1.1549, 1.1532, 1.1518.

Brian Twomey Inside the Currency Market, btwomey.com

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