EUR/USD: Levels, Ranges, Targets

Monday, maybe sooner I’m fully operational again as trading systems were upgraded to its most powerful potential. More trades, pairs, combinations will post. For now, still hand calculations. I encourage all to view EUR/USD V DXY monthlies posted April 1. Those levels are valid as the guide. Note 1.1422 violated only 3 times since April 1. And it’s most violation was 42 pips. 1.1487 held, on the way down 1.1422, 1.1407, 1.1390 and 1.1360 broke. Those levels are monthlies, not absolute perfect but extraordinarily close and valid as trade signals.

EUR/USD. Bottom 1.1303. Caution, Big points today 1.1611, 1.1485, 1.1384, 1.1372, 1.1365. Range above 1.1515, 1.1693. Below 1.1207, 1.1037, 1.0883. Target 1.1440, Failure point 1.1387. Target met at 1.1440, sell to 1.1400. Target met at 1.1387, sell to 1.1373. Big break 1.1440, opens flood gates to 1.1515 and 1.1591. Watch area between 1.1387 – 1.1413 as further Failure points. Levels on the way up, 1.1365, 1.1374, 1.1380, 1.1387, 1.1413, 1.1426, 1.1440.

Shorts below 1.1358, Target 1.1331, 1.1317, 1.1303. Big long point 1.1331, targets 1.1347. Points on the way down, 1.1358, 1.1345, 1.1341, 1.1338, 1.1334.

Brian Twomey, Inside the Currency Market, btwomey.com