05/05/2014 – Euro
Issued: 05/06/2014
June euro:
1. Today’s June euro broke out above the critical $138.85 level noted in the previous update and completed the forecast $139.18 upside target and higher (today’s session high, $139.50, so far).
2. Although no official long entry was indicated, self-directed traders based upon today’s upside breakout should have exited a portion of their position at/near $139.18 noted in the original update.
3. Continued daily closes above $138.85 remain the stronger position. Longer-term, we await the completion of the $140.73 upside target originally noted late in 2013.
David Williams
Issued: 05/05/2014
June euro:
1. A daily close today (Monday, May 5) above $138.85 in the June euro is the stronger position and will indicate the likelihood of higher prices, including a test/attempt at $139.18 (or higher. Will message any new entry based upon this as the market confirms.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.