Inside the Currency Market: EUR/CAD

Big breaks 1.4639 and 1.4561. Further 1.4410.

EUR/CAD. Bottom. 1.4575. Range break above 1.4735, below 1.4563, 1.4561 and from above 1.4639. Overbought sell point 1.4735, Failure point 1.4696. Strategy. Longs above 1.4649, target 1.4735 then reverse to 1.4692 and 1.4672. Points on the way up, 1.4653, 1.4658, 1.4677, 1.4696, 1.4716, 1.4735.

Shorts below 1.4648, target 1.4612. Watch here for reversal to 1.4648 and higher. Points on the way down, 1.4645, 1.4636, 1.4626, 1.4617, 1.4593, 1.4575 Bottom. Point 1.4612 must cross to go higher.

Brian Twomey Inside the Currency Market, btwomey.com

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