Issued: 08/03/2015
September euro:
1. Any hourly or especially daily close below $109.36 in the September euro will place the market into a ‘Sell’ position for further decline and test/attempt at $108.90/$80 (or lower) into mid week or slightly beyond.
2. The September euro is currently trading at $109.54, so no new short entries indicated at this time. Will update with initial target, protective stop etc. as the market continues to confirm.
David Williams
Issued: 08/04/2015
September euro:
1. Our Monday, August 3 September euro report indicated that any hourly or especially daily close below $109.36 in the September euro would place the market into a ‘Sell’ position for further decline and test/attempt at $108.90/$80 (or lower) into mid week or slightly beyond.
2. The September euro closed hourly today below $109.36 (hourly close, $109.22) indicating new short entry. The market continued to decline and completed the $108.90 downside target (today’s session low, $108.88, so far). This completes the trade. Will message any further entry or indication in the September euro.
David Williams