EUR/USD: Levels, Ranges, Targets

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s