Mentioned yesterday 1.1422 range point violated 3 times since April 1st post. !.1487 held. The downside model points in the same post is currently 1.1300, 1.1214 and 1.1193. EUR/USD is currently out of range V the 2 year, 3Y, 5Y and 7Y. Today is CPI and something else of no relevance because our profit focus based on a perfect Statistical price system is meaningless to news releases. News releases are secondary to price paths since the dominant feature is price and profit, not news. News releases assists or hinders a price path temporarily but never knocks a full intended price path off course. Price must always follow its intended path. Its statistically baked in and can’t be touched, hindered or stopped. Ranges are also ordained and fixed. I accidentally watched a guy on Fxstreet yesterday hold a seminar on ranges yesterday. The guy was light years off track but what did I expect. I can’t hold a greater role out here because I’m not known and the competition is disgusting with everybody and their grandmother with a website. I can’t compete nor am I trying.
EUR/USD. Bottom. 1.1203. Big point breaks above 1.1525, 1.1430, 1.1349,1.1286. Ranges above 1.1593, 1.1450,1.1276, Below ranges 1.1241, 1.1071, 1.0934. Target 1.1355, Failure point 1.1293. Target met at 1.1355, sell to 1.1307. Target at 1.1293, sell to 1.1276. Points on the way up, 1.1260, 1.1263, 1.1278, 1.1293, 1.1324, 1.1355.
Sell 1.1257, Target 1.1230, 1.1216, 1.1203. Price must cross 1.1230 to get long again.
Brian Twomey, Inside the Currency Market, btwomey.com