Inside the Currency Market: EUR/USD

I’m happy to hear the many who take trades here and profit. EUR/USD morning trade, dead stopped at reported 1.1388 and bottomed at 1.1348. I think pip total was something like + 20 above, + 40 below. Total + 60. Its close. Overnight trade was also something like + 23 above and 24 below.

EUR/USD Bottom. 1.1310. Range break above 1.1380, 1.1447, Below 1.1353, 1.1287. Overbought sell point 1.1424, Failure point 1.1401. Strategy. Long above 1.1368, target 1.1424 then reverse to 1.1396, 1.1379. Points on the way up, 1.1373, 1.1387, 1.1401, 1.1413, 1.1424.

Shorts below 1.1366, Target 1.1338. Watch here for reversal to 1.1366 and higher. Points on the way down, 1.1361, 1.1355, 1.1348, 1.1341, 1.1331, 1.1310 Bottom. Point 1.1338 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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