Inside the Currency Market: EUR/USD

Afternoon trade, short 1.1370, target 1.1341 dead stopped 1.1344, +26 pips.

Range overnight trades, 57 total pips. 1.1135 and 1.1193 remain vital and persistent points below. For example, at 1.1250, points become 1.1186 and 1.1134. The point 1.1193 is movable, 1.1135 is not. That will take a solid break later. 1.1596 remains the break point above.

EUR/USD. Bottom. 1.1293. Range break above 1.1376, 1.1443, below 1.1323, 1.1257. Overbought sell point 1.1410, failure point 1.1384. Strategy. Longs above 1.1351, target 1.1410 then reverse to 1.1380 and 1.1367. Points on the way up, 1.1356, 1.1370, 1.1384, 1.1397, 1.1410.

Shorts below 1.1350, Target 1.1321. Watch here for reversal to 1.1350 and higher. Points on the way down, 1.1345, 1.1338, 1.1331, 1.1324, 1.1307, 1.1293 Bottom. Point 1.1321 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Morning trade saw 1.1356 lows from 1.1372, above saw 1.1376, 20 pip range. Big points below 1.1138, 1.1195, 20 day average driving EUR/USD. Big break above 1.1596, same as Friday, no change but its falling since last Wednesday.

EUR/USD. Bottom. 1.1313. Range break above 1.1396, 1.1463, Below 1.1343, 1.1277. Overbought sell point 1.1430, Failure point 1.1404. Strategy. Long above 1.1371, target 1.1430 then reverse to 1.1400 and 1.1387. Points on the way up, 1.1376, 1.1381, 1.1390, 1.1404, 1.1417, 1.1430.

Shorts below 1.1370, target 1.1341. Watch here for reversal to 1.1370 and higher. Points on the way down, 1.1365, 1.1358, 1.1351, 1.1344, 1.1327, 1.1313 Bottom. Point 1.1341 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Bunches of articles on site, USD/JPY and 10Y yields, currency pairs, posted on investing.com for the heck of it.

EUR/USD ranges tight, why we saw dead trading overnight, same holds for this morning movements. Monitor ranges close.

Overnight trades, 1.1364 from 10 t- 2am EST, downside violated by 4 pips to 1.1360 then flew 5 hours later from 10:00 pm EST post to 1.1396, fail point 1.1399, + 39, 20 pip reverse about + 59 total pips.

EUR/USD. Bottom. 1.1316. Range break above 1.1399, 1.1466, Below 1.1346, 1.1280. Overbought sell point 1.1433, Failure point 1.1407. Strategy. Long above 1.1374, target 1.1433 then reverse to 1.1403 and 1.1390. Points on the way up, 1.1379, 1.1384, 1.1393, 1.1407, 1.1420, 1.1433.

Shorts below 1.1372, target 1.1344. Watch here for reversal to 1.1372 and higher. Points on the way down, 1.1368, 1.1361, 1.1354, 1.1347, 1.1330, 1.1316 Bottom. Point 1.1344 must cross to go higher.

Brian Twomey Inside the Currency Market, btwomey.com