EUR/USD: Levels, Ranges, Targets

Exclusive to fxstreet and interested readers is the ability for readers to profit easily by my trades as I continue day in and day out, year after year to hit perfect targets. EUR/USD for now is the pair I chose but it doesn’t matter which pair since perfect targets achieve in any pair and many times, multiple pairs at one time. Its quite easy to do this.
Charts and stops are needless tools that long ago left the repertoire. Currency pairs are two sided affairs where USD controls EUR as much as EUR control of USD. JPY controls EUR as much as EUR controls JPY in the EUR/JPY combination. The slash mark in currency pairs is not only deceptive to throw off the unsuspected but a PHD dissertation can be written bout that mark. All that is needed to trade currency pairs is a price.
A well known and well forecasted structure exists to currency markets and this structure hasn’t changed in literally 200 years beside a few minor changes. We’re trading under one of those minor structural changes since June 2016 and the central bank revamp. I know, understand and trade this structure as well as the few traders I assist. Everyday we trade 8 currency pairs, twice per day and hit perfect targets.
EUR/USD. This morning’s bounce came from 1.0725 and rose to reported 1.0774 and then reversed short again. Massive and many supports existed from 1.0697 to 1.0720.
Range: 1.0900 to 1.0698, now 202 pips and + 4 pips from this morning. Reported this morning EUR/USD was traveling on a correction higher and trades currently at range tops. Topside range break is located at 1.0900 and bottom range break at 1.0629 and 1.0530.
Bottoms. Located at 1.0705 but many and massive supports exists from 1.0707 to 1.0730. Look for the bounce from 1.0730 to 1.0720’s.
Levels. Bounce from bottoms takes EUR/USD to 1.0785 and 1.0788 then the reverse short again as we play ping pong. At 1.0788 top is the point holding EUR to travel higher to next level at 1.0822 and 1.0826.
EUR allows EUR/USD to travel higher as USD provides the supports.

Brian Twomey, Inside the Currency Market, btwomey.com

EUR/USD and TPP: levels, Ranges, Targets

Why Trump nullified TPP is mainly because of the Trade Dispute Resolution and its astounding difference from the new 1995 world trade arrangement in the WTO. As a reader of the TPP document and 20 year college instructor in Political Science disciplines, I inform Trump’s decision was an easy determination. Dispute Resolution in TPP offered a new “court” that would’ve rendered the United States wholly and stunningly subservient in areas of Trade disputes. Plus the resolution process from claim to decision would’ve dragged out for years. Not that WTO is any better but what the United States doesn’t want is any worse especially trade with China because China has a 10 mile long list of trade disputes in the WTO.
The United States would’ve never won a dispute under TPP nor would the United States tend towards a positive trade balance if TPP was adopted because trade favored everybody except the United States. Any wonder why America’s Bummer went to Asia first to push TPP and any wonder why Asian nations voted overwhelmingly yes to a gift laid on their shoulders. Any wonder why TPP was not offered as a Treaty in the Senate where 67 votes were needed for passage. What we find in WTO and TPP is the disastrous roads again created by Democrats Clinton and Obummer. The last year America had a positive trade Balance was the early 1970’s and a current $500 billion deficit in trade with all partners mounted every year since the 1970’s. Smart, correct and easy move for Trump.

The commonality in currency markets for the past 2 weeks is the vast majority of pairs trading inside Neutral zones. Neutral zones inform this market not only has an uncertain direction but a 2 inch candle is on the way as it happens all the time. Those EUR and GBP reversals in the last 2 weeks were the result of neutral zone trading. A few to pairs watch and levels are EUR/USD 1.0749, GBP/USD 1.2482 , USD/JPY 112.12 and EUR/JPY 120.18.
EUR/USD. Yesterday’s range was 1.0690 and 1.0697 to 1.0889, 192 pips. Today’s range is located from 1.0887 to 1.0689, 198 pips and range increse of 6 pips. Yesterday informed EUR/USD would bounce from 1.0700’s, it bounced to reported 1.0773. Friday informed EUR/USD would bounce from 1.0628, true to form in my accuracy, EUR/USD bounced to 1.0660’s.
Bottoms today are located at 1.0694 and 1.0696 and 1.0698. Good long points but massive supports exist at 1.0708, 1.0711 and 1.0714. Look for the bounce here.
Two hurdles for EUR/USD today and good sell points above are 1.0775 and 1.0779. Both lines are solid but breaks would lead EUR to 1.0803, 1.0813 and 1.0816.
Overall bottoms from a larger perspective are located at 1.0490 and 1.0385. Both destinations achieve by breaks at 1.0689 then 1.0629, 1.0558.
Its the USD side of EUR where its found a low low price while EUR overall is top heavy and any rises would see this top heavy condition worsen. This informs EUR upside will struggle, gains won’t hold and the direction is lower EUR.
Brian Twomey, Inside the Currency Market, btwomey.com