EUR/USD: Levels, Ranges, Targets

EUR/USD. Bottom 1.1330. Ranges above 1.1422, 1.1501 1.1614 Below 1.1352, 1.1274, 1.1028. Target 1.1478, Failure point 1.1424, watch range point 1.1422 for additional Failure point. Big breaks on the way up, 1.1392, 1.1398. Target at 1.1478, sell to 1.1432, Target at 1.1424, sell to 1.1405. Caution longs as tops remain. Points on the way up, 1.1392, 1.1398, 1.1405,1.1414, 1.1424, 1.1437, 1.1451, 1.1478. Tough area between 1.1444 – 1.1478. Any price above 1.1478, sell.

Shorts below 1.1385, Target 1.1357, 1.1343 then bottom 1.1330. Longs must clear 1.1345 upon 1.1330 target. Points on the way down, 1.1383, 1.1377, 1.1372, 1.1367, 1.1364, 1.1361, 1.1358, 1.1344, 1.1330 Bottom.

Pip range today, 94 long term, 18 short term. Descending lines 1.1521, 1.1656. Level 1.1478 big line to open flood gates to 1.1517, 1.1557, 1.1637.

Brian Twomey, Inside the Currency Market, btwomey.com