03/18/2015 – Euro

Issued: 03/18/2015

June euro:

1. Continued hourly and especially daily closes below $109.20 in the June euro will place the market into a ‘Sell’ position for tradable multi-day decline and test/attempt at $107.45/$25 into late this week/early next. Therefore, any further test/attempt at $109.20 is important and should be watched closely. Today’s (Wed., Mar. 18) session tested $109.20 and closed at $108.70.

2. Once short, initial short position exit should be taken at/near $108.10, further short position exit taken at $107.80, and final exit at/near $107.45. Aggressive can continue to hold for the possibility of lower prices and a trend following final exit.

3. An initial protective buy stop should be placed at $109.67. This stop will be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 03/19/2015

June euro:

1. Yesterday’s (Wed., Mar. 18) June euro report indicated that any hourly and especially daily close below $109.20 in the June euro would place the market into a ‘Sell’ position for tradable decline and test/attempt at $107.45/$25 into late this week/early next. Yesterday’s (Wed., Mar. 18) session tested $109.20 and closed the day below it at $108.70.

2. Today’s (Thurs., Mar. 18) Globex (overnight) session tested the critical $109.20 level (Globex swing high, $109.31) closing hourly below that level, indicating new short entry.

3. Today’s June euro session continued on the decline and completed the forecast $107.45/$25 downside profit target (and lower) completing the trade. Will message any further entry or indication in the June euro.

David Williams