EUR/USD. Mentioned points are exact. Bottom. 1.1121. Daily pip ranges, 63 long term, 21 pips short term. Ranges above 1.1210, 1.1245, Below 1.1142, 1.1108 and 1.1065. Targets 1.1299 and failure 1.1229. Targets are almost irrelevant as the curve has problems still due to the Draghi cut and imminent EU changes ahead. Plus, we have a severe top in place for today. Longs not recommended.
Overall, descending lines 1.1464, 1.1279 and 1.1190. Look for sells in the 1.1190’s area. Targets below range bottoms 1.1142, 1.1108 and 1.1065. EUR/USD is heading light years lower.
Brian Twomey, Inside the Currency Market, btwomey.com