Inside the Currency Market: EUR/USD

This morning EUR/USD Trade. Long 1.1215 failed at 1.1243 and before 1.1245, short of 1.1271 Target. Short then broke 1.1214, to Target 1.1186, price hit 1.1180. Good enough for almost what 90 pips on long then shorts and a late reported day,

EUR/CAD next and USD/CAD.

EUR/USD. Bottom. 1.1151. Range break above 1.1324, 1.1376. Below 1.1092. Overbought sell point 1.1264, 1.1278. Strategy. Long above 1.1208, Target 1.1264. Then reverse short to 1.1236 then break 1.1208. Points on the way up, 1.1212, 1.1224, 1.1237, 1.1264.

Shorts below 1.1207, Target 1.1179, Watch reversal long here to 1.1208. Points on the way down, 1.1207, 1.1194, 1.1187, 1.1181, 1.1166, 1.1151 Bottom.

Continued thank you’s to friends at Fxstreet.

Brian Twomey, Inside the Currency Market, btwomey.com

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