04/14/2014 – Euro

Issued: 04/10/2014

June euro, previous update:

1. Today’s June euro continued on the forecast advance and prompted our second long position profit exit at $138.70 noted in the previous update (today’s session high, $138.73, so far). Our final long position exit will be messaged in a subsequent update.

2. Our protective sell stop has been raised $138.28. This stop will continue to be moved higher as the market continues to confirm.

Latest update:

1. Today’s June euro continued on the forecast advance, making a session high of $138.98. Any test/attempt at $139.12/$20 will likely prompt final long position exit. Will update.

2. Our protective sell stop has been raised to $138.48. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 04/07/2014

June euro, previous update:

1. As noted in our previous live meeting, a test/attempt at/near $136.57 remains possible in the June euro during the month of April (current month). Therefore, no new long entry is indicated at/near the earlier $137.10 buying territory being attempted now. Will update.

Latest update:

1. The June euro attempted completion of the forecast April 2014 downside target at/near $136.57 noted in the previous update (April low, $136.69, so far). This attempt is likely good enough to satisfy the June euro at this time.

2. Although a powerful multi-day advance is now possible into later this week (and would prompt a long entry attempt), a less dramatic minor advance followed by a test/attempt of $137.17 (on the downside) later this week would set up an ideal buying opportunity.

3. Therefore, although not a forecast for the following, any further advance, test and failure at/near either $137.73 to $137.93 may prompt new short entry for a later week test/attempt at $137.17 noted above. Will update.

David Williams

Issued: 04/13/2014

June euro, previous update:

1. Today’s June euro continued on the forecast advance, making a session high of $138.98. Any test/attempt at $139.12/$20 will likely prompt final long position exit. Will update.

2. Our protective sell stop has been raised to $138.48. This stop will continue to be moved higher as the market continues to confirm.

Latest update:

1. We remain long the June euro from $128.23 holding for the possibility of higher prices and final long position exit noted in previous updates.

2. However, the June euro is nearing a critical juncture on the upside and early indications suggest a pullback and test of $138.43 (or lower) into Monday/Tuesday of next week (week of April 14). No new short entry is intended at this time based upon the above. Will update in Monday’s early session.

David Williams

Issued: 04/08/2014

June euro, previous update:

1. The June euro attempted completion of the forecast April 2014 downside target at/near $136.57 noted in the previous update (April low, $136.69, so far). This attempt is likely good enough to satisfy the June euro at this time.

2. Although a powerful multi-day advance is now possible into later this week (and would prompt a long entry attempt), a less dramatic minor advance followed by a test/attempt of $137.17 (on the downside) later this week would set up an ideal buying opportunity.

3. Therefore, although not a forecast for the following, any further advance, test and failure at/near either $137.73 to $137.93 may prompt new short entry for a later week test/attempt at $137.17 noted above.

Latest update:

1. Today’s June euro advanced powerfully and completed the $137.93 upside target noted in the previous update (today’s session high, $138.10).

2. Today’s June euro session closed at $137.96, slightly above the $137.93 potential selling territory noted in the previous update. Therefore, no new short entry is indicated just yet.

3. However, today’s daily close slightly above $137.93 could be an early indication for higher prices. Therefore, new long positions are indicated at $138.23.

4. Initial long position exit should be taken at/near $138.40. Higher price targets will be messaged once long entry is confirmed.

5. Initial protective sell stop should be placed at $137.97. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 04/14/2014

June euro, latest update:

1. Today’s June euro declined sharply and triggered our earlier adjusted $138.48 sell stop. This completes our long position trade from $138.23, noted in previous updates.

2. Today’s June euro also completed yesterday’s (Sunday, April 13) update indicating the June euro would decline from its recent high of $139.03 and test $138.43 (or lower) into Monday/Tuesday of this week (week of April 14). An indication for a ‘flash decline’ in the June euro was also given in Friday’s live meeting Today’s session declined sharply, making a session low of $138.06, so far.

3. Although not an outright forecast, lower prices remain possible including a test/attempt at $137.85. Will update.

David Williams

Issued: 04/09/2014

June euro, previous update:

1. Today’s June euro advanced powerfully and completed the $137.93 upside target noted in the previous update (today’s session high, $138.10).

2. Today’s June euro session closed at $137.96, slightly above the $137.93 potential selling territory noted in the previous update. Therefore, no new short entry is indicated just yet.

3. However, today’s daily close slightly above $137.93 could be an early indication for higher prices. Therefore, new long positions are indicated at $138.23.

4. Initial long position exit should be taken at/near $138.40. Higher price targets will be messaged once long entry is confirmed.

5. Initial protective sell stop should be placed at $137.97. This stop will be moved higher as the market continues to confirm.

Latest update:

1. Today’s June euro triggered our new long entry at $138.23, noted in the previous update.

2. After a relatively minor decline the euro advanced powerfully and completed our initial profit target at $138.40 also noted in the previous update (today’s session high, $138.60).

3. Although not a forecast for a further upside target, a second long position exit should be taken at/near $138.70, if reached.

4. Our initial protective sell stop remains at $137.97. This stop will be moved higher in tomorrow’s session as the market continues to confirm.

David Williams

Issued: 04/10/2014

June euro, previous update:

1. Today’s June euro triggered our new long entry at $138.23, noted in the previous update.

2. After a relatively minor decline the euro advanced powerfully and completed our initial profit target at $138.40 also noted in the previous update (today’s session high, $138.60).

3. Although not a forecast for a further upside target, a second long position exit should be taken at/near $138.70, if reached.

4. Our initial protective sell stop remains at $137.97. This stop will be moved higher in tomorrow’s session as the market continues to confirm.

Latest update:

1. Today’s June euro continued on the forecast advance and prompted our second long position profit exit at $138.70 noted in the previous update (today’s session high, $138.73, so far). Our final long position exit will be messaged in a subsequent update.

2. Our protective sell stop has been raised $138.28. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 04/15/2014

June euro:

1. Today’s June euro continued on the recent forecast decline from $139.03 to $138.43 and now has completed the $137.85 final downside target noted in yesterday’s (April 14) update (today’s session low, $137.87, so far).

2. This is an important downside completion. Will message any new entry or indication as the market confirms.

David Williams