Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1248, Range break above 1.1418, Below 1.1161.Overbought sell point 1.1361, Failure point 1.1335. Strategy. Longs above 1.1306, Target 1.1361. Then reverse short to 1.1333. Failure at 1.1335 then short to 1.1320. Points on the way down, 1.1308,1.1321, 1.1335, 1.1348, 1.1361.

Shorts below 1.1304, target 1.1278. Watch for reversal here to 1.1304. Points on the way down,1.1291, 1.1284, 1.1278, 1.1263, 1.1248 Bottom. Point 1.1278 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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