Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1302. Range break above 1.1452, Below 1.1268, 1.1176. Overbought sell point 1.1407, Failure point 1.1388. Strategy. Long 1.1361, target 1.1407 then reverse to 1.1384. Points on the way up, 1.1368, 1.1374, 1.1386, 1.1397, 1.1407.

Shorts 1.1359, target 1.1331. Watch here for reversal to 1.1359 and above. Points on the way down, 1.1355, 1.1349, 1.1344, 1.1338, 1.1329, 1.1317, 1.1302 Bottom. Point 1.1331 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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