EUR/USD: Levels, Ranges, Targets

EUR/USD. Bottom. 1.1315. Vital levels for today, 1.1632, 1.1538, 1.1501, 1.1458, 1.1453, 1.1414, 1.1395. Range points above 1.1669, 1.1599, 1.1440. Below 1.1302, 1.1191, 1.1080, 1.0961. Target 1.1459, down 45 pips from last 1.1504 target. Failure point 1.1398, watch also turning sell point at vital 1.1428 then range point 1.1440. Tough area here, good sell points. Target me at 1.1459, sell to 1.1415, target at 1.1428, sell to 1.1400, Target at 1.1398 Failure point, sell to 1.1385. Points on the way up, 1.1379, 1.1384, 1.1391, 1.1398, 1.1428, 1.1443, 1.1459.

EUR/USD. Shorts below 1.1370, Target 1.1342, 1.1327, then bottom 1.1315. points on the way down 1.1356, 1.1353, 1.1349, 1.1347, 1.1331, Then bottom 1.1315. Point 1.1342 must cross to go higher. Pip range total 93 long term, 15 pips short term. I would continue the short strategy to target much lower prices.

Brian Twomey, Inside the Currency Market, btwomey.com