1. Our previous (Thursday, June 18) September euro report indicated that continued hourly or daily closes below $114.00 in the Fri., June 19 session would indicate a tradable decline and test/attempt at $112.97 (or lower) into Mon., June 22 (+/-1 day).
2. Subsequently, the September euro closed daily below $114.00 on Thursday, Friday and Monday, June 22 before declining sharply and completing the $112.97 (and lower) downside targets. Partial short position exits were taken at/near $112.97.
3. Any remaining short position should be exited at current prices (current price $111.74). Will message any further entry or indication in the September euro.
1. Continued hourly closes below $114.00 in tomorrow’s (Fri., June 19) session in the September euro will be initial confirmation for a tradable decline and test/attempt at $112.97 (or lower) into Mon., June 22 (+/-1 day). Will update as the market confirms in tomorrow’s session.