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

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