Inside the Currency Market: EUR/GBP

EUR/GBP. Bottom. 0.7350. Range break above 0.7395, Below 0.7378. Overbought sell point 0.7426, Failure point 0.7412. Strategy. Longs above 0.7386, Target 0.7426 then reverse short to 0.7406. Points on the way up, 0.7392, 0.7402, 0.7412, 0.7423, 0.7426.

Shorts below 0.7386, Target 0.7368. Watch here for reversal to 0.7386. Points on the way down, 0.7388, 0.7381, 0.7376, 0.7371, 0.7360, 0.7350 Bottom. Point 0.7368 must cross to go higher.

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