EUR/USD: Levels, Ranges, Targets

Remember warning Top was here, was correct. Remember caution longs, and don’t long EUR. Top remains today, EUR/USD going lower.
Banks Bidding / Selling Euros. Bids: Japan bidding higher for days, BNP Paribas Bidding higher, Barclays bidding higher for days, Banks selling Euros: Mexico selling way lower for days, Greece selling lower for days, Interesting Deutsche Bank switched from Bids way higher to bids way lower. Overall 7 banks bidding higher, 6 banks selling, Remainder banks remain at today’s current bids such as Societe General. Why Deutsche bank switch, Draghi, Mr gloom and doom forecast, Big point Inflation down next couple quarters.

EUR/INR Big point breaks, 74.69, 74.62 from current 75.11, price sits oversold just above big break points. USD/INR big breaks 67.33 and 66.58, price at current 66.49 just broke below

EUR/USD Bottom 1.1238. Big break points today 1.1565, 1.1467, 1.1385, 1.1323, 1.1305, 1.1296, 1.1293, 1.1277. Below big points 1.1171, 1.1146, 1.1126, 1.1203, 1.1081. Range points above 1.1613, 1.1451, 1.1312, Below range points 1.1277, 1.1140, 1.0985. Targets 1.1396, Failure point 1.1331, Note Targets coming down. Points on the way up, 1.1297, 1.1304, 1.1313, 1.1331, 1.1338, 1.1351, 1.1363, 1.1376, 1.1396.

Shorts below 1.1293, Target 1.1265, 1.1351, 1.1239 bottom. Points on the way down, 1.1288, 1.1284, 1.1275, 1.1266, 1.1261, 1.1254, 1.1240, 1.1238 bottom.

Brian Twomey, Inside the Currency Market, btwomey.com

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