Inside the Currency Market: EUR/USD

Last trade was a rare miss, the top of the channel was located at 1.1586, price hit 1,1556. I;m fully operational again sometime tomorrow.

EUR/USD. Bottom. 1.1456. Range break above 1.1579, Below 1.1447. Overbought sell point 1.1572 — 1.1630, channel top 1.1689. Normal sell point 1.1572, any price above begins overbought and holds to about 7:30 EST. Strategy. Longs above 1.1514, Target 1.1572 – 1.1630. Target net at 1.1630 then short back to 1.1572, then 1.1543, 1.1536, 1.1530, 1.1522 then 1.1514. Points on the way up, 1.1520, 1.1532, 1.1547, 1.1559, 1.1572, 1.1630.

Shorts below 1.1513, Target 1.1484. Watch for reversal long point here to 1.1513. Points on the wau down, 1.1505, 1.1507, 1.1501, 1.1494, 1.1488, 1.1480, 1.1469 Then Bottom 1.1456.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currrency Market: EUR/USD

EUR 1.1506 shorts saw bottom broke from 1.1448 to 1.1441, 7 pips.

EUR/USD Bottom. 1.1355. Range break above 1.1478, Below 1.1346. Overbought sell point 1,1471, 1.1484. Strategy. Longs above 1.1413, Target 1.1471-1.1484. Reverse short to target 1.1448. Points on the way up, 1.1419, 1.1432, 1.1439, 1.1446, 1.1458, 1.1471.

Shorts below 1.1412, Target 1.1383, look for reversal to 1.1413 and higher. Points on the way down, 1.1406, 1.1400,1.1397,1.1393, 1.1383, 1.1369, 1.1355 Bottom.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Lunch meeting this afternoon, back by 1? 2ish. In 1929, 8 stock markets around the world crashed before the United States markets. Does a problem exists in markets, nope. How do we know, OIS Spreads per currency listed here for last 2 days, EUR = 0.061 and 0.062. GBP = 0.0184 and 0.0205, USD = 0.0170, CHF = 0.0360, 0.0400, JPY = 0.0418, 0.0403, 0.0432. EUR/USD 2 year Swap Rates = 0.86. Markets are perfectly fine. If markets had serious problems, OIS Spreads would skyrocket higher as happened in 2008 – 2009. Prices in currencies risks to determine problems didn’t move so moves were very normal.

Yesterday was near perfect price paths for multiple longs, shorts. Short 1.1577, saw 1.1527, I said 1.1532. Then long to 1.1577, saw Dead Stop 1.1574.

EUR/USD. Bottom. 1.1448. Range Break above 1.1664, Below 1.1348. Overbought Sell Point 1.1556 – 1.1583, extreme 1.1610. Strategy. Longs above 1.1507, target 1.1556, 1.1583. Then reverse short to 1,1545, 1.1531. Points on the way up, 1.1509, 1.1523, 1.1532, 1.1556.
Shorts below 1.1506, Target 1.1477, Watch for reversal long here back to 1.1506 and higher. Points on the way down, 1.1496, 1.1490, 1.1485, 1.1477, 1.1462 then Bottom 1.1448.

Brian Twomey Inside the Currency Market, btwomey.com