Inside the Currency Market: EUR/USD

On RBA statement, AUD/USD sell point 0.7281 dead stopped 0.7275, Bottom 0.7223 held. AUD/CAD broke 0.9458, dead stopped 0.9471, before my point 0.9474Lengthy RBA statement, I will review and report in the morning.

EUR/USD saw 14 pip range 1.1319 – 1.1333.

EUR/USD Bottom. 1.1279. Range break above 1.1362, Below 1.1309, 1.1243. Overbought sell point 1.1393, Failure point 1.1367. Strategy.Long above 1.1337, Target 1.1393 then reverse to 1.1365. Watch 1.1362 for possible fail. Points on the way up, 1.1341, 1.1354, 1.1367, 1.1380, 1.1393.

Shorts below 1.1335, Target 1.1307. Watch here for reversal to 1.1335 and higher. Points on the way down, 1.1329, 1.1323, 1.1316, 1.1310, 1.1293, 1.1279 Bottom. Point 1.1307 must break to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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