EUR/USD: Levels, Ranges, Targets

Dead stop at 1.1411 was perfectly normal against further points after 1.1407 from this morning. Sell to 1.1379 and 1.1373 was also perfectly in line as dead stop occurred at 1.1377.

NFP forecast 205 V 242 last month. Look for range 155 – 255. Above 255, EUR/USD dives all day fast and hard. Below 155, EUR skyrockets. In range is in in range for EUR, means no dramatic moves either way.

Note to new readers. Ranges, targets, MA lines, points and levels are highly dynamic and change constantly. I simply update for next trades. Previous lines, targets, points and levels are gone and no longer mean anything.

EUR/USD. Bottom. 1.1324. Larger range 1.1324 – 1.1436. Range above 1.1399, 1.1504, Below 1.1363 and 1.1259. Two important lines above 1.1388 and 1.1395, notice both below 1.1399 range point. 1.1399 must break as well to go higher. Targets 1.1506 target, failure point 1.1436. Our spreads are fairly wide so monitor points on the way up. To head much lower, we need a failure at 1.1409. Points on the way up, 1.1396, 1.1409, 1.1422, 1.1436, 1.1442 1.1453, 1.1471, 1.1488, 1.1506.

Shorts below 1.1381, target 1.1352 then 1.1324 Bottom. Points 1.1380, 1.1373, 1.1366, 1.1360, 1.1342, 1.1333, 1.1324 Bottom.

Brian Twomey, Inside the Currency Market, btwomey.com

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