Inside the Currency Market: EUR/CAD

EUR/CAD. Bottom. 1.5015. Range break above 1.5108, 1.5126, Below 1.5073, 1.5055. Overbought sell point 1.5186, Failure 1.5141. Strategy. Longs above 1.5091, Target 1.5186 then reverse short to 1.5138 and at 1.5141 reverse to 1.5116. Points on the way up, 1.5101, 1.5121, 1.5141, 1.5164, 1.5186.

Shorts below 1.5091, target 1.5053. Watch here for reversal to 1.5091 and higher. Points on the way down,1.5089, 1.5079, 1.5068, 1.5055, 1.5043, 1.5034, 1.5015 Bottom. Point 1.5053 must break to go higher.

Watch range points closely.

Brian Twomey, Inside the Currency Market, btwomey.com

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