Inside the Currency Market: EUR/CAD

EUR/CAD. Bottom. 1.4922. Range break above 1.5014, 1.5032, Below 1.4979, 1.4962. Overbought sell point 1.5091, Failure point 1.5047, Top Channel 1.5120. Strategy. Longs above 1.4997, Target 1.5091, Then reverse short to 1.5044, at 1.5047 then short to 1.5022. Points on the way up, 1.5007, 1.5027, 1.5037, 1.5047, 1.5069, 1.5091.

Shorts below 1.4997, Target 1.4959. Watch for reversal here to 1.4997 and higher. Points on the way down, 1.4995, 1.4974, 1.4962, 1.4959, 1.4940, 1.4022 Bottom. Point 1.4959 must break to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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