A deeper view in DXY, EUR and other pairs will post today? tomorrow. Modern Trader Magazine, formerly Futures Magazine, now subscription, is running a two part series April and May on my EUR/JPY Paper. June publishes a deep analytical view on an interest rate article on 10 nations. Might post it here shortly. Systems remain down as we’re doing changes and upgrades. EUR/USD post below is hand calculated, takes time to do this and remain perfectly accurate and comprehensive.
EUR/USD. Bottom. 1.1255. Ranges, 1.1293, 1.1328, 1.1379, Below 1.1193,1.1085, 1.0946, 1.0859. Ranges are compressing as opposed to wide yesterday but derived from topside compression. Target above 1.1443, Failure points 1.1356 and 1.1368. No value in upper 1.1443 target today. Look for shorts 1.1356 – 1.1368. Why no value in upper targets, top today is extreme and uniform throughout. Shorts is the way, don’t look for rises to go anywhere. We want the 1.1255 break to target range 1.1193 and possibly lower. Expect big volatility today, pip ranges 95 long term and 21 short term. Points above 1.1316 and 1.1323 to go higher to target 1.1356 and 1.1368. Caution to longs today.
Brian Twomey, Inside the Currency Market, btwomey.com