Inside the currency Market: EUR/USD

Overnight trades. EUR/NZD. From 1.7881, longs dead stopped 1.7898 between reported 1.7893 – 1.7916 and before 1.7940 Failure point. Then reversed to low 1.7605, + 17 longs, + 276 Shorts, total + 293 pips. EUR/CAD. From 1.5091 dead stopped 1.5142 perfect at Failure point, then saw lows 1.5000, + 51 longs, + 42 shorts, total + 94. EUR/USD. From 1.1253, Dead stopped 1.1280, 10 pips from Failure point 1.1290 then reversed to 1.1201, + 27 longs, + 79 shorts, total + 106 pips.
Total pips 3 EUR trades overnight, + 493 pips. Hedge fund returns posted on site, we beat’em every time.

EUR/USD. Bottom. 1.1147. Range break above 1.1230, Below 1.1177. Overbought sell point 1.1274, Failure point 1.1241. Strategy. Longs above 1.1204, Target 1.1274 then reverse to 1.1239. Points on the way up, 1.1207, 1.1211, 1.1226, 1.1241, 1.1258, 1.1274.

Shorts below 1.1203, Target 1.1175. Watch here for reversal to 1.1203 and higher. Points on the way down, 1.1194, 1.1187, 1.1177, 1.1175, 1.1168, 1.1161, 1.1147 Bottom. Point 1.1175 must break to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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