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EUR/USD: Levels, Ranges, Targets - 18.02.18

Published 02/17/2018, 05:56 PM
Updated 09/03/2023, 03:41 AM

EUR/USD lows at 1.1216 to highs at 1.2939, 1723 pips contains Mid point = 1.2077 and from 1.1216 to 1.2839 at the 10 year average mid point = 1.2027. EUR/USD closed at 1.2409 and 2 pips above the mid point from the 5 year average at 1.1975 to 10 year at 1.2839.

Vital to 1.2077 and 1.2027 is averages below at 1.2041 and 1.2080 then the 5 year average at 1.1975. This area at 1.2000’s are solid break points.

Above, 1.2939 is most upper point at the 2894 day average. Exactly 6 averages exist in the 1.2800’s to include the most vital 10 year average at 1.2839. Current 1.2800’s and 1.2939 is upper range over an 18 year period dated to Jan 1999.

To see 1.3000’s envisioned by many banks then EUR/USD must break all 1.2800 averages as well as 1.2939. Don’t plan on 1.3000’s especially when 1.3000 lacks registration in the averages. A 1.3000 price means EUR/USD is out of range and must revert to 1.2939 and below. To see 1.3000's, the average at 1.2939 must rise far higher and at 2848 day average moves extremely slow.

View overall ranges as 1.2000’s to 1.2839 at the 10 year for roughly an 800 pip range.

For the week, most vital 1.2041, 1.2080, 1.2140, 1.2154, 1.2182, 1.2293, 1.2423, 1.2498, 1.2552, 1.2668, 1.2708 and 1.2839 for 798 pip range.
Averages 100 day, 200 and 253 are overbought enough to consider shorts especially when EUR/USD trades at top range. For a lower EUR/USD then 1.2154 must break. EUR/USD longer term averages overall lack uniformity and explains wider EUR volatile movements. Lower averages 5 to 50 day are oversold.

80 day = 1.1984
Special average = 1.2154
335 day = 1.1311
593 day = 1.1216
848 day = 1.1266
1103 day = 1.1782
1279 day = 5Y = 1.1975
1357 = 1.2041
1614 day = 1.2182
Close 1.2409
1873 day = 1.2423
2130 day = 1.2552
2385 day = 1.2668
2640 day = 1.2892
2562 day = 10Y = 1.2839
2894 day = 1.2939
3151 day = 1.2891
3410 day = 1.2875
3590 day = 14Y = 1.2842
3667 day = 1.2829
3922 day = 1.2708
4175 day = 1.2498
Close 1.2409
4429 = 1.2293
4687 day = 1.2140
4899 day = 1.2080
Averages from 4175 to 4899 are misplaced averages.

Brian Twomey

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