Inside the Currency Market: EUR/USD

In the end, Yellen doesn’t have ability to raise. The Keynesian DNA and release of her control of the Fed Funds rate won’t ever allow her to Raise.

EUR/USD. Bottom. 1.1240. Range break above 1.1335 and 1.1409, Below 1.1257 and 1.1139. Overbought sell point 1.1362. Strategy. Longs above 1.1297, Target 1.1362. Reporting major points only on the way up, 1.1304, 1.1319, 1.1332, 1.1347, 1.1362, Extensions 1.1409, 1.1423.

Shorts below 1.1296, Target 1.1268. Watch here for reversal to 1.1296. Points on the way down, 1.1286, 1.1279, 1.1272, 1.1254, 1.1240 Bottom. Point 1.1268 must cross to go higher.

Brian Twomey Inside the Currency Market, btwomey.com

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