Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1308. Range break above 1.1391,1.1458, Below 1.1338, 1.1272. Overbought sell point 1.1425, Failure point 1.1399. Strategy. Longs above 1.1366, Target 1.1425 then reverse to 1.1395. Points on the way up, 1.1371, 1.1385, 1.1399, 1.1412, 1.1425. Watch 1.1391 range break.

Shorts below 1.1364, target 1.1336. Watch here for reversal to 1.1364 and higher. Points on the way down, 1.1360, 1.1353, 1.1346, 1.1339, 1.1322, 1.1308 Bottom. Point 1.1336 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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