EUR/USD: Levels, Ranges, Targets

EUR/USD. Bottoms. 1.1000 and 1.0972. Big vitals points 1.0980 and 1.0903. Extreme sell points 1.1095, 1.1098 and 1.1228 V longs 1.0828, 1.0753 and 1.0748. Ranges today remain 54 pips V 14 pips short term. Ranges 1.1204 above V 1.0854 and 1.0746. Targets today 1.1052 and Failure point 1.1046. For today, 1.1041 must cross. A big line at 1.1110 is falling on current price. Points above 1.1031, 1.1038, 1.1042, 1.1046, 1.1049, 1.1052. A target at 1.1052 then short to 1.1040 then 1.1031 break to target 1.1014 then bottoms at 1.1000. Again, longs are to scary as this point.

Brian Twomey, Inside the Currency Market, btwomey.com

EUR/USD: Levels, Ranges, Targets

RBNZ meets this week. The smartest and far ahead of the curve central bank in this world has nothing to worry about. OCR in New Zealand is nearly perfect both long and short term. New Zealand markets currently signals no change. The best part regards New Zealand is no matter what happens in this world, the RBNZ is well prepared. The slight dis junction in New Zealand is the same dilemma as Australia in Exports and Imports. In the statement its stated as Trade Ables and Non Trade Ables. What allows Trade Able V Non view interesting is what is seen in production in New Zealand. That’s why the intent focus for the RBNZ and RBA and constant mention in the statements. If Exports are down, naturally production is down. This seems very basic but its profound in the RBA and RBNZ in the manner they view the Import, Export and Production relationships. Seems I write this point every time I speak about the RBA and RBNZ. But as always readers, I and all are always far far ahead of the curve. Sad is the analysts as usual are fast asleep and pretty much comatose on all issues markets.

EUR/USD. Bottoms. 1.0991, 1.0963. Big vital points 1.0979 and 1.0902. Extreme short prices are found at 1.1113 and 1.1122, below longs 1.0749 and 1.0747. Today’s range 54 pips, 14 pips short term. EUR/USD price pressure continues to build. Current price cannot remain in present locations. We are ready for a giant pop. I see it dropping hard and fast. The top remains in place. Caution again longs. Don’t marry longs. Ranges today, 1.1194 above and 1.0847 and 1.0737 below. Targets today 1.1027 and 1.1020 failure point. Give yourself about a 10 pip difference in targets and bottoms as American markets open. Daily pip ranges are fixed. Shorts is the way. I will post EUR/USD again later.

Brian Twomey, Inside the Currency Market, btwomey.com