Issued: 10/20/2015
December euro:
1. Continued hourly and especially a daily close below $113.95 in the December euro will indicate a further test of $113.20/$15 (or lower) into Wednesday, October 21 (+1 day).
2. Once short, a protective buy stop should be placed above $114.00 initially and lowered as the market continues to confirm. Will update.
David Williams
Issued: 10/22/2015
December euro:
1. Our Tuesday, October 20 December euro update noted that continued hourly and especially a daily close below $113.95 in the December euro would indicate a tradable decline to $113.20/$15 (or lower) into Wednesday, October 21 (+1 day).
2. Today, (Thursday, October 22) the December euro declined sharply, completing the initial $113.20/$15 downside target and substantially lower prices (today’s session low, $111.86, so far).
3. Those with remaining short positions should exit a further portion at current prices (current price, $111.98). Will message any final short position exit as the market continues to confirm.
4. Our protective buy stop should be lowered to $$112.81. Will update.
David Williams
Issued: 10/22/2015
December euro:
1. Our Tuesday, October 20 December euro update noted that continued hourly and especially a daily close below $113.95 in the December euro would indicate a tradable decline to $113.20/$15 (or lower) into Wednesday, October 21 (+1 day).
2. Our final short position exit should be taken at current prices (current price, $111.46). This completes the forecast/trade. Will message any further entry or indication in the December euro.
David Williams