Inside the Currency Market: EUR/CAD

EUR/CAD. Bottom. 1.4770. Range break above 1.4879, Below 1.4809 and 1.4696. Overbought sell point 1.4917, Failure point 1.4895. Strategy. Longs above 1.4844, Target 1.4917 then reverse to 1.4880. Points on the way up, 1.4849, 1.4854, 1.4874, 1.4884, 1.4895, 1.4917.

Shorts below 1.4844, Target 1.4807. Watch here for reversal to 1.4844. Points on the way down, 1.4843, 1.4827, 1.4822, 1.4817, 1.4812, 1.4791, 1.4770 Bottom. Point 1.4807 must cross to go higher.

Brian Twomey Inside the Currency Market, btwomey.com

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