Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1198. Range break above 1.1393, Below 1.1116. Overbought sell point 1.1292, look for failure at 1.1281. Strategy. Shorts below 1.1254, Target 1.1226. Watch for reversal here to 1.1254 and higher. 1.1226 must cross above to go higher. Points on the way down, 1.1245, 1.1239, 1.1234, 1.1230, 1.1226, 1.1212 then Bottom 1.1198. Bottom breaks then next target 1.1157.

Longs above 1.1255, Target 1.1291. Points on the way up, 1.1260, 1.1262, 1.1271, 1.1281, 1.1292.

Brian Twomey, Inside the Currency Market, btwomey.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s