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

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