Inside the Currency Market: EUR/USD

EUR/USD Bottom. 1.1170. Range break above 1.1332, 1.1279, Below 1.1174, 1.1122. Overbought sell point 1.1288, Failure point 1.1259. Strategy. Longs above 1.1227, target 1.1288 then reverse short to 1.1259. Poinys on the way up, 1.1229, 1.1232, 1.1245, 1.1259, 1.1274, 1.1288.

Shorts below 1.1226, Target 1.1198. Watch here for reversal to 1.1226 and higher. Points on the way down, 1.1222, 1.1215, 1.1208, 1.1201, 1.1170 Bottom. Point 1.1170 must cross to go higher.

Looking further, 1.1159 and 1.1137 big breaks below.

Brian Twomey, Inside the Currency Market, btwomey.com

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