Inside the Currency Market: EUR/CAD

EUR/CAD. Bottom. 1.4811. Range break above 1.5034, Below 1.4647. Overbought sell point, 1.4959, 1.4979. Strategy. Longs above 1.4887, Target 1.4959. Then reverse short to target 1.4922 then 1.4886. Points on the way up, 1.4891, 1.4907, 1.4924, 1.4941, 1.4959.

Shorts below 1.4886, Target 1.4848. Watch for reversal here to 1.4886 and higher. Break below 1.4848, next points on the way down, 1.4876, 1.4867, 1.4859, 1.4851, 1.4831 Bottom 1.4811. Point 1.4848 must cross to go higher.

Brian Twomey Inside the Currency Market btwomey.com

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