Inside the Currency Market: EUR/USD

Non Farm Payroll data on site for interested, 199.10 and 203 are numbers to beat above or range becomes 199.10 – 178 — 158.

Afternoon trade saw 20 pip range since 1:00 post. Big numbers below remain 1.1137 and 1.1161. Break 1.1161 gains short speed while 1.1137 must break to 1.1000 and 1.0900’s.

EUR/USD. Bottom. 1.1134. Range break above 1.1305, Below 1.1077. Overbought sell point 1.1235, Failure point 1.1209. Strategy. Long above 1.1191, Target 1.1235 then reverse short to 1.1213. Points on the way up, 1.1194, 1.1200, 1.1209, 1.1222, 1.1235.

Shorts below 1.1190, Target 1.1162. Watch for reversal to 1.1190 and higher.points on the way down, 1.1185, 1.1172, 1.1163, 1.1149, 1.1134 Bottom. Point 1.1162 must cross to go higher. Be aware 1.1161.

Brian Twomey, Inside the Currency Market, btwomey.com

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