EUR/USD: Update

 

EUR/USD Update. 10:00 am to 12:30 afternoon EST is most dangerous time for currency prices because all the central banks come to buy and sell. Its volatile or could be very volatile.

EUR/USD remains far overbought, shorts are the way forward. Above big breaks are 1.1319 and 1.1381. Below 1.1236 and 1.1175.

I would continue short and focus on the 1.1236 break to target 1.1205 and 1.1190. I wouldn’t push my luck past 1.1190 yet. Should be a good gain for the day

 

Brian Twomey

 

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