EUR/USD: Levels, Ranges, Targets

EUR/USD Bottom 1.1312. Big points 1.1657, 1.1556, 1.1469, 1.1401, 1.1380. New readers, what’s 1.1657? That’s 3 month forward line, always dynamic as well as all points, levels, targets. The model captures every pip movement dynamically. A support or resistance point this morning for example may or may not be nullified later.

EUR/USD Bottom 1.1312. Big points 1.1657, 1.1556, 1.1469, 1.1401, 1.1380. Range points 1.1582, 1.1474, 1.1439. Ranges below 1.1299, 1.1265, 1.1159. Target 1.1482, caution here, Failure point 1.1414. Target met at 1.1482, sell target 1.1426, target met at 1.1414, sell target 1.1392. Doubtful target 1.1482, watch points here for failure and reverse above 1.1414. Look towards 1.1431 as sell point then reverse to target 1.1400. Points above 1.1380, 1.1391, 1.1414, 1.1422, 1.1431, 1.1448, 1.1465, 1.1482. Watch 1.1439 range break, tough area 1.1431 – 1.1439.

EUR/USD. Shorts below 1.1368, Target 1.1340, 1.1322, 1.1312 Bottom. Points on the way down 1.1363, 1.1351, 1.1346, 1.1329, 1.1312 Bottom. Point 1.1340 must cross higher to head long again.

Brian Twomey, Inside the Currency Market, btwomey.com

EUR/USD: Levels, Ranges, Targets

Levels, Ranges Targets are extremely close but not perfectly exact this morning. ECB releases lending surveys today. Should see new M1 and M3 figures as well. M1 and M3 higher then EUR drops. Its perfect correlations.

EUR/USD. Bottom. 1.1277. Added model feature is big break points for each day. Those points: 1.1603, 1.1507, 1.1424, 1.1361, 1.1344, 1.1336. Note 1.1424 coincides to monthly EUR/USD V DXY at 1.1422. EUR/USD top grows, caution longs. I would not long EUR at current prices. Target 1.1431, Failure point 1.1369. Watch sell point at 1.1400, added due to the large gap between 1.1369 – 1.1431. Target met at 1.1431 sell to 1.1383, Target met at 1.1400, sell to 1.1367, Target met at 1.1369, sell to 1.1352. Points on the way up, 1.1338, 1.1353, 1.1362, 1.1369, 1.1384, 1.1400, 1.1415, 1.1431.

Shorts below 1.1333, Target 1.1305, 1.1291, 1.1277 bottom. points on the way down, 1.1330, 1.1323, 1.1319, 1.1315, 1.1307 Then on to Targets.

Brian Twomey, Inside the Currency Market, btwomey.com