Inside the Currency Market: EUR/USD

Overnight trade, Long 1.1227, Target 1.1288 Hit perfectly, + 61, reverse to 1.1259 hit perfectly + 29, Total 90 Pips.

EUR/USD. Bottom. 1.1179. Range break above 1.1288, 1.1341, Below 1.1131, 1.1183. Overbought sell point 1.1297, Failure point 1.1268. Strategy. Longs above 1.1237, Target 1.1297 then reverse short to 1.1266. Points on the way up, 1.1241, 1.1254, 1.1268, 1.1283, 1.1297.

Shorts below 1.1236, Target 1.1207. Watch here for reversal to 1.1236 and higher.Points on the way down, 1.1231, 1.1224, 1.1217, 1.1210, 1.1193, 1.1179 Bottom. Point 1.1207 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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