Inside the Currency Market: EUR/USD

Last night EUR/USD trade hit perfect targets, long from 1.1167 to 1.1223 + 56 then reverse short to 1.1195 hit 1.1193 for +28 more, total + 84, took 6 hours to get this done, normally done much sooner.

EUR/USD. Bottom. 1.1184. Range break above 1.1253, Below 1.1227. Overbought sell point 1.1296, Failure point 1.1280. Strategy. Long above 1.1240, Target 1.1296 then reverse short to 1.1218, at 1.1280 Failure point then short to 1.1161. Points on the way up, 1.1249, 1.1256, 1.1264, 1.1272, 1.1280, 1.1296.

Shorts below 1.1240, Target 1.1212. Watch here for reversal to 1.1240. Points on the way down, 1.1232, 1.1228, 1.1220, 1.1216, 1.1200, 1.1184 Bottom. Point 1.1212 must cross to go higher.

Brian Twomey Inside the Currency Market, btwomey.com

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