Inside the Currency Market: EUR/USD

On site for interested are FX Flow Reports for G10 and Emerging market currencies including SEK, NOK, EUR/NOK. JPY saw largest liquidation on record based on a weekly basis. EUR/USD was net sold, EUR/JPY was net bought. Inflows into USD/CHF and EUR/CHF were moderate. CAD, AUD, NZD were flat on the week. NOK, SEK, EUR/NOK volumes fell, SEK levels are very stretched.
Further on site is MXN, CZK, ZAR, BRL, HUF, PLN, TRY, HKD, SGD, KRW.

EUR/USD. Bottom. 1.1142. Range break above 1.1223, 1.1289, Below 1.1171, 1.1106. Overbought sell point 1.1254, Failure point 1.1238. Strategy. Longs above 1.1198, Target 1.1254 then reverse short to 1.1226. Points on the way up, 1.1208, 1.1215, 1.1223, 1.1246, 1.1254.

Shorts below 1.1197, Target 1.1169. Watch here for reversal to 1.1197 and higher. Points on the way down, 1.1194, 1.1185, 1.1182, 1.1178, 1.1175, 1.1148, 1.1142 Bottom. Point 1.1169 must cross to go higher to target 1.1197.

Brian Twomey, Inside the Currency Market, btwomey.com

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