Inside the Currency Market: EUR/USD

Last night trades. EUR/USD Shorts below 1.1194, never looked back, Dead stopped 1.1143, Bottom 1.1138 held, + 51 total. EUR/CAD Shorts below 1.4766, never looked back, Dead stop 1.4704, Bottom held 1.4691, + 62 pips, Total overnight, + 113 pips.

EUR/USD. Bottom.1.1083. Range break above 1.1203, Below 1.1027. Overbought sell point 1.1206. Strategy. Longs above 1.1139, target 1.1206. Then reverse short to 1.1172, Failure point 1.1190. If hit, short reverse to 1.1164 and eventual break 1.1139. Points on the way up, 1.1145, 1.1159, 1.1174, 1.1190, 1.1206.

Shorts below 1.1138, target 1.1110. Watch here for reversal to 1.1138. Points on the way down, 1.1136, 1.1128, 1.1121, 1.1114, 1.1098, Bottom 1.1083. Longs must cross 1.1110 to head long and target 1.1138.

EUR/CAD next if not to late, BOC today

Brian Twomey, Inside the Currency Market, btwomey.com

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