05/15/2014 – Euro
- May 15, 2014
- Euro
Issued: 05/15/2014
June euro:
1. Our May 13 June euro update forecast further decline from $137.02 to $136.44 (or lower) in the June euro.
2. Today’s June euro continued on the decline and made a session low of $136.45, just one tick above the forecast $136.44 downside target.
3. Although no official short entry was messaged, self-directed traders should have exited at least a portion of their position at/near the $136.44 downside target. Will update.
David Williams
Issued: 05/13/2014
June euro:
1. Today’s June euro declined further and closed the session at $137.02. This is the weaker position.
2. Today’s weaker daily close presents the likelihood of lower prices, including a test/attempt at $136.44 (or lower) into next week (week of May 19).
3. At this point the above is merely informative. Will message any new short entry based upon the above as the market continues to confirm.
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.