Sell Eur/Usd

[Iris]

US Dollar Index COT Weekly...........

The last 2 Posts were inadvertently missing possibly from the server maintenence over the weekend...so I've reposted them.........

The US Dollar Index has had a break at vertical Resistance at the 85<>85.50 basis with a current High at 86.30 thus challenging the heart of the 2+ Year Bear Market...the Fundamental to be concerned with is that sustained USD Buying has propelled the North Rally in the USDX into the center of the Long Term Bear Market...now the question is were are the outer vestiges of that LT Resistance Positioned...clearly a North break at 87.50 will establish a run for the 88.50<>90.50 basis and an important North horizontal break of the USD Bear Run off an established Bottom that would firmly support a USD Bull Market...now currently the USDX has made an impressive North advance to the 86.30 basis setting off a possible Long Term realignment in Positioning and a period of consolidation of this North advance. Looking for the USDX to consolidate within the 85<>87.50 levels were North Positioning will attempt an advance and horizontal break for the 88.50<>90.50 basis were the 2+ Year US Dollar Index Bear Market will encounter an established Bottom and a Bull Run in the USD onto 92.50<>94.50 basis.

The US Dollar Index has a current North advance High on Friday at 86.74 basis...as a Fundamental Realignment in Positioning has propelled the USDX into the heart of the 2+ Year Bear Market with 87.50 opening the door for a North horizontal test/break onto 88.50<>90.50 basis and a US Dollar Index Bull Run.

[waleed9091]

hi
is there any recorded performance for this thread as other threads...
thanks.

[Iris]

Hello Waleed9091.................

This Thread has been in continuos discourse for over 20+ months that is Fully Transparent and Gratis with over 150 Pages of Recorded Performance and Trading Strategies from myself and other contributing Members. I hope You follow along to judge for Yourself its Validity.

True Performance is Fully Transparent over an extended Time Period...and not just 6-12 months ...in which you gain more FX Knowledge as well as Pips.

Thats what Iris FX is all about...and for all my Friends who have followed my Research/Analysis over an extended period of Time as well as new Members and Guests...I'm completing a Web site called Iris FX Currency Research/Analysis to expand on my work here at MoneyTec...I hope everyone can join me there as well as here at the Best FX Global Community...MoneyTec.

Iris

[rezo_s]

Hi Iris,

are you from irisfinancial?

[Iris]

Hello Rezo..........

I'm not affiliated nor work with them.

Eur/Usd..............

lets look at Time/Price based on the Daily...Range 1.1373<>1.3660...the current South Reversal Low was Achieved with a test of 1.2730 basis being the 618Fib>1.2790 of the above Range...then developing the 1.3660<>1.2730 Range for which a test of the 786Fib was acheived at 1.3465 basis Topping at 1.3480 into another South Reversal to the current Eur/Usd Low of 1.2927...last Years Top and an Inversion Point in Time. A retest/break of 1.2730>618Fib of the 1.1373<>1.3660 Range would have a South decline Target to 1.2520...the 50Fib of the aforementioned Range...with the 328Fib at 1.2250 which was the Eur/Usd North advance on the Bull Run to $57 bbl in Oil.

Time/Price in the Eur/Usd has a current South Reversal Low at 1.2534...
within the 50Fib>1.2520 of the 1.1373<>1.3660 Range...Intermediate Basing now in progress as the US Dollar Index has reached a North Rally High at 86.74 basis. A South break at 1.2520<>1.25 will have a next decline South Target Zone at the 382Fib at 1.2250 basis....

Time/Price in the Eur/Usd is consolidating the South run to the 50Fib>1.2520 of the 1.1373<>1.3660 Range with the NT38.2 Time Phib providing a current North containment Zone at 1.2606 basis...critical Support is now at 1.2520<>1.2485 for which a South break will have continued South Momentum for a revisit at the 382Fib at 1.2250 level...the US Dollar Index Bear Market will either initiate a North advance in Eur/Usd from 1.2520<>1.2485 basis ...or will be significantly weakened to the 382Fib with a North Rally from the 1.2250 level ...which Longer Term will be difficult to overcome for a significant North advance.

The USDX<>Eur/USD Bears will hibernate till 1.2520<.1.2485 or attempt a North Rally at 1.2250 basis.

[turtle2688]

Hi, Iris,

I am new to this forum, yet I have been trading forex for many years.
I enjoy you posts and analysis.
Keep up the good work.
Thanks.
turtle2688

[rezo_s]

Hi turtle!

Welcome! Its always good to have a new turtle trader on our forum (I assume thats why u choose the nick, but I apologize if Im mistaken).

Especially good to welcome experienced traders. We always have something to learn, and experience is something one can learn from (in most of the cases).



Rezo

[James]

Originally Posted by Iris

Thats what Iris FX is all about...

Well said. Iris is one of the few remaining true gentlemen traders, and pretty darn good, to boot