04/28/2014 – Euro

Issued: 04/16/2014

June euro,

1. Any further test of and daily close above $137.93 in the June euro makes $137.93 (or higher) buying territory for new long entry from now into Monday, April 21 (+/-1 day).

2. Will message upside price targets etc. in a subsequent update once long entry is confirmed.

David Williams

Issued: 04/22/2014

June euro:

1. Our previous (April 16) June euro report indicated that a daily close above $137.93 would make that level buying territory for new long position. This week’s Monday, April 21 session tested $137.93 but closed below it, negating new entry.

2. However, today’s (Tuesday, April 22) session tested and closed above $137.93 (daily close, $138.04), giving the earliest indication for a tradable multi-day advance.

3. Therefore, any further touch and hourly or especially daily close above $137.93 will indicate new long entry for a fast advance to at/near $138.44 (initial profit taking), then at/near $138.94 (or higher) into Monday April 28 (+/-1 day).

4. Aggressive can go long at the market (current price $138.07) with an initial protective sell stop at $137.80. This stop will be moved higher as the market continues to confirm.

5. Additionally, a higher-priced long entry will be messaged upon any daily close above $138.30 in the June euro.

David Williams

Issued: 04/23/2014

June euro:

1. Today’s June euro attempted to test the $137.93 buying territory (noted in last night’s report) before reversing higher and completing the forecast $138.44 initial profit taking target (today’s session low, $137.97, session high, $138.54, so far).

2. Aggressive longs exited a portion of their long position from $138.07 at/near $138.44, as instructed.

3. Higher prices remain possible, including a test/attempt at $138.94 into Monday, April 28 (+/-1 day), as noted in the previous update.

4. Our protective sell stop has been raised to $137.96. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 04/28/2014

June euro:

1. Today’s June euro further confirmed our earlier forecast for higher prices expected into today, Monday, April 28 (+/-1 day), including $138.94 (or higher).

2. Aggressive can go long at the market (current price $138.69).

3. Initial long position exit should be taken at/near $138.83, a further exit at/near $138.94. The remainder should be held for higher prices to be messaged in a subsequent update

4. Initial protective sell stop should be placed at $138.46. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 04/28/2014

June euro:

1. Today’s June euro declined and triggered our earlier protective sell stop at $138.46, resulting in a small loss (approximately 23 ticks) for aggressive longs in this trade.

2. As noted in previous updates, under normal conditions last Thursday’s (April 24) daily close at $138.31 was the stronger position and early indication for further test/attempt at $138.94 into today, Monday, April 28 (+/-1 day). Will update.

David Williams

Issued: 04/24/2014

June euro:

1. Yesterday’s June euro completed the initial forecast advance from $138.07 to $138.44 and prompted initial long position exits (yesterday’s session high, $138.54).

2. Although higher prices remained possible, today’s June euro declined and triggered our recently adjusted sell stop at $137.96. This completes the trade.

3. From this point forward, any further hourly or especially daily close below $137.91 will indicate further decline and test of $137.69 (or lower). Will message any further entry or indication as the market confirms.

David Williams

Issued: 04/24/2014

June euro:

1. Today’s June euro retested the $137.93 buying territory noted in previous updates and closed the day at $138.31. This is the stronger position and as noted in the original update places the market in position for a test/attempt at $138.94 upside target into Monday, April 28 (+/-1 day).

2. Will message any new entry based upon the above in tomorrow’s session if the market further confirms.

David Williams