Inside the Currency Market: EUR/USD

Overnight trade, Long 1.1351 perfect dead stop at target 1.1410 + 59, then reversed to 1.1364, me 1.1367, + 46, total pips + 105.

EUR/USD. Bottom.1.1317. range break above 1.1400, 1.1467, Below 1.1347, 1.1281. Overbought sell point 1.1434, Failure point 1.1408. Strategy. Long above 1.1375, target 1.1434 then reverse to 1.1404, 1.1391. Points on the way up, 1.1377, 1.1380, 1.1394, 1.1408, 1.1421, 1.1434.

Shorts below 1.1373, Target 1.1345. Watch here for reversal to 1.1373 and higher. Points on the way down, 1.1369, 1.1362, 1.1355, 1.1351, 1.1347, 1.1338, 1.1317 Bottom. Point 1.1345 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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