Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1059. Range break above 1.1153, 1.1179, Below 1.1074, 1.1049. Overbought sell point 1.1175, Failure point 1.1160. Watch for failures and reverse at range point 1.1153. Strategy. Longs above 1.1114, Target 1.1175 then reverse short to 1.1145. From range point 1.1153, short to 1.1133. Points on the way up, 1.1126, 1.1134, 1.1143, 1.1151, 1.1160, 1.1167, 1.1175.

Shorts below 1.1113, Target 1.1085. Watch here for reversal to 1.1113. Points on the way down, 1.1109, 1.1104, 1.1101, 1.1096, 1.1092, 1.1075, 1.1059 Bottom. Point 1.1085 must cross to go higher and target 1.1113.

Brian Twomey, Inside the Currency Market, btwomey.com

Advertisements

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