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,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s