04/19/2016 – Euro

June euro:

1. In Friday’s (April 15) Williams edge live meeting it was noted that the June euro (then trading at approximately $113.18) could be bought for a multi-day advance to $114.08 expected into Monday, April 18 (+1 day).

2. Subsequently, the June euro advanced and today (Tuesday, April 19) has made a session high of $114.01 (so far). This is profit-taking territory if long based upon the above-noted indication. Any remaining position should be held for completion of the $114.08 upside target (or higher).

3. Our original protective stop should be moved up to $113.43. Will message any final exit in the June euro.

David Williams