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

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