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08/07/2014 – Euro

  • Euro

Issued: 08/06/2014

September euro:

1. Although not an outright forecast, a further decline and test/attempt of $133.60/$55 in the September euro remains likely late this week.

2. Any test and daily close above $133.60/$55 is therefore important and may prompt new long entry. Will update as the market confirms.

David Williams

Issued: 08/07/2014

September euro:

1. Yesterday’s (Wed., Aug. 6) September euro report indicated a second test of $133.60/$55 (or lower) expected late this week.

2. Today’s September euro spiked slightly higher before reversing sharply and rushing down to the $133.60/$55 downside target (today’s session low, $133.44, so far).

3. How today’s session handles current price levels remains important and may prompt further entry. Will update 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.