Inside the Currency Market: EUR/USD

The route for posts is first Fxstreet.net, tradingfloor then twitter. Both tradingfloor and twitter are completely worthless. Twitter is a Russian standoff, the next guy wants everybody to read their posts but neither reads each other. I’m not one of the insiders or part of the retail cabal that dominates so I don’t see twitter views. Hopefully, I’m viewed as a threat, a proud honor If I am. The only reason I continue tradingfloor is because a website in Australia picks up my posts otherwise I would’ve been long gone. No longer am I interested in writing articles all around or interviews. All writings and post are found here on an old blog that may eventually be upgraded. Rather than compete for the multitudes against tons of websites, plans are to publish more academic papers on exchange rate related topics. Many topics are yet to be explored properly. So all writings and trade posts are found here.

EUR longs bolted from 1.1185 past target to extension 1.1282. Extensions were highlighted. Two points of interest above are tough resistance 1.1352 and 1.1390.

EUR/USD. Bottom. 1.1206. Range break above 1.1376, Below 1.1120. Overbought sell point 1.1323. Strategy. Longs above 1.1264, target 1.1323, Failure 1.1294. At 1.1323 reverse short to 1.1293, at 1.1294 short to 1.1279. Points on the way up, 1.1267, 1.1280, 1.1294, 1.1308, 1.1323. Extensions 1.1352, 1.1381.

Shorts below 1.1263, target 1.1234. Watch for reversal here to target 1.1263. Points on the way down, 1.1257, 1.1250, 1.1243, 1.1236, 1.1221, 1.1206 Bottom.

Brian Twomey, Inside the Currency Market, btwomey.com

Advertisements

3 thoughts on “Inside the Currency Market: EUR/USD

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