Yesterday's EUR/USD trade recommendation hit 1:00 a m US time. The recommendation was sell EUR/USD at 1.2995 to 1.2922. The trade hit for + 73 pips. Yesterday's EUR/JPY trade recommendation was sell at 104.15 for a target of 101.71. That trade is currently + 105 pips in the money.
Current EUR/USD long term averages 253 and 200 are in neutral territory while the intermediate 100 is also in neutral territory with the intermediate 50 day currently negative. Shorter term 20, 10 and 5 are all in severe negative territory so this is our target for today.
Go long the EUR/USD at 1.2891. Target = 1.2974. Profit= + 83 Pips. What I call my Mathematical Stops are actually my benchmarks to the trade. They are found today at 1.2933 then 1.2957.
I'm Brian Twomey, my book Inside the Currency Market is found at btwomey.com. A further short e-book is forthcoming that outlines these and other trading methods