Inside the Currency Market: EUR/USD

Overnight, EUR/USD 1.1337 to 1.1386, + 49.

EUR/USD. Bottom. 1.1316. Range above 1.1426, 1.1466, Below 1.1320. Overbought sell point 1.1427, Failure point 1.1403. Strategy. Longs above 1.1374, target 1.1427 then reverse to 1.1400. Points on the way up, 1.1377, 1.1383, 1.1390, 1.1403, 1.1415, 1.1427.

Shorts below 1.1372, target 1.1344. Watch here for reversal to 1.1372 and higher. Points on the way down, 1.1365, 1.1359, 1.1353,1.1346, 1.1330, 1.1316 Bottom. Point 1.1344 must cross to go higher.

1.1150 and 1.1239 remain big breaks below

Brian Twomey, Inside the Currency Market, btwomey.com

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