Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1256. Range break above 1.1325, 1.1375 and 1.1426, Below 1.1299, 1.1249 and 1.1199. Overbought sell bought 1.1381, Failure point 1.1365, 1.1350. Strategy, longs above 1.1313, Target 1.1381 then reverse short to 1.1346 and 1.1331. Points on the way up, 1.1316, 1.1321, 1.1335, 1.1350, 1.1365, 1.1381, Extension 1.1391, 1.1411.

Shorts below 1.1312, Target 1.1284. Watch here for reversal to 1.1312. Points on the way down, 1.1310, 1.1303, 1.1295, 1.1288, 1.1272, 1.1264, 1.1256 Bottom. Point 1.1284 must cross to go higher. Bottom holds then long to target 1.1284 and higher.

Thank you all and friends at FX Street. Many more pairs will post this week. My system is back running so many many more pairs will be posted as well.

Brian Twomey Inside the Currency Market, btwomey.com