Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1304. Range break above 1.1412, Below 1.1308, 1.1268. Overbought sell point 1.1415, Failure point 1.1391. Strategy. Longs above 1.1362, target 1.1415 then reverse to 1.1388. Points on the way up, 1.1378, 1.1391, 1.1403, 1.1415. Watch 1.1412 range point.

Shorts below 1.1360, target 1.1332. Watch here for reversal to 1.1360 and higher. Points on the way down, 1.1353, 1.1347, 1.1334, 1.1318, 1.1304 Bottom. Point 1.1332 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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