Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1098. Range break above 1.1245, Below 1.1043. Overbought sell point 1.1204. Failure point 1.1188. Strategy. Longs above 1.1155, Target 1.1204. Then reverse short to 1.1179, at 1.1188 reverse short to 1.1171. Points on the way up, 1.1160, 1.1174, 1.1188, 1.1204, 1.1220.

Shorts below 1.1154, Target 1.1126. Watch for reversal here to 1.1154. Upon 1.1126 break, points on the way down, 1.1151, 1.1143, 1.1136, 1.1129, 1.1113, 1.1098 Bottom. Point 1.1126 must cross to go long to target 1.1154 and higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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