Sell Eur/Usd

[Iris]

Time/Price in the US Dollar Index has tested the NT32.8 with current containment along the 61.8<>NT32.8 at 89.50<>91.00 basis...the USD has maintained a Historical Average Range in the 85.00<>110.00 levels. With current 2004 double bottoms at the 84.50<>85 basis the USD is at its Historical Low... in conjunction with FED Monetary modulation the firming of the US Dollar Index is strengthening along with US Economic Data to support the tightening of US interest rates.

The 1.1850<>1.1750 basis is the High Percentile entry for North positioning for a corrective run North to the 1.23<>1.24 levels for which resumption of the South decline will be launching for a revisit of the 1.16<>1.1550 basis.

Looking for the North advance to position at the 1.2020<>1.2050 basis to firm the next move North for another break of the 1.21 level ST32.8<>32.8 Fib intersect for a test/break of 1.22 enroute to the 50 Fib of the 1.2927<>1.1758 corrective North advance at the 1.2350 basis.

Time/Price in Eur/Usd had a Friday Asian session pullback to 1.2028 with an advance to 1.2140 and a strong pullback to the 50.0 Fib of the 1.0760<>1.2927 North run>1.1850...Looking for South firming to 1.18<>1.1850 with a 2nd North run to a test/break of 1.1950<>1.20 for a move North back to 1.22 basis. The Eur/Usd corrective move North is not complete as long as the US Dollar Index maintains its 91 level containment/consolidation posture...tho the Dollar's positioning from a Historical perspective is in its 1st phase of Accumulation.

Iris

[Iris]

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

Looking for South firming to 1.18<>1.1850 with a 2nd North run to a test/break of 1.1950<>1.20 for a move North back to 1.22 basis. The Eur/Usd corrective move North is not complete as long as the US Dollar Index maintains its 91 level containment/consolidation posture...tho the Dollar's positioning from a Historical perspective is in its 1st phase of Accumulation.

Time/Price has set current South firming at 1.1787 with a North advance to 1.1941 from a clean break of the ST50.0 Fib...moving Northward thru the consolidation Range to a test of the 61.8<>ST61.8 intersect at 1.1945 containing the advance. Looking for South base to move up to 1.1850<>1.1875 for a break of the 61<>ST61.8 Fib intersect for a North move thru 1.1950 to a test/break of the 1.1.2180<>1.1786 Range at the 50.0 Fib>1.1985 for a move onto 1.2030...enroute to 1.21<>1.22 basis.

Iris

[Iris]

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

Time/Price has set current South firming at 1.1787 with a North advance to 1.1941 from a clean break of the ST50.0 Fib...moving Northward thru the consolidation Range to a test of the 61.8<>ST61.8 intersect at 1.1945 containing the advance. Looking for South base to move up to 1.1850<>1.1875 for a break of the 61<>ST61.8 Fib intersect for a North move thru 1.1950 to a test/break of the 1.2180<>1.1786 Range at the 50.0 Fib>1.1985 for a move onto 1.2030...enroute to 1.21<>1.22 basis.

Time/Price North advance in motion for a test/break of 1.21 basis for North advance to 1.2120/40...current North advance High 1.2059 ... South base firming/pullback has forward Positioned in the 1.1950<>1.20 level.

Iris

[Iris]

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

Time/Price North advance in motion for a test/break of 1.21 basis for North advance to 1.2120/40...current North advance High 1.2059 ... South base firming/pullback has forward Positioned in the 1.1950<>1.20 level.

Time/Price current corrective North run High at 1.2059 with a pullback Low at 1.1930...with a North correction High thus far at 1.2180 off of the ST50.0 double bottom Lows at 1.1770 basis. Looking for further North advance to the 32.8 Fib of the 1.0760<>1.2927 Bull North Run at 1.21 for a move onto 1.2120/40 to a test of the ST32.8 Time Fib at 1.2170... within striking distance of the North corrective High>retest at 1.2180.

The Eur/Usd corrective move North is not complete as long as the US Dollar Index maintains its 91 level containment/consolidation posture...tho the Dollar's positioning from a Historical perspective is in its 1st phase of Accumulation.

The USD is approaching a test/break to its 1st major North Resistance at 91>32.8 Fib and a important trajectory point for USD...91 must contain the advance for a further unwinding of Dollar weakness...a break of 91 with a run for the 50.0Fib at 93.50<>94 basis and the USD Net Bulls solidify positioning.

Iris

[FAHAD_FX]

Hi Iris,

Can you give me your Email or you can Email me @

Saudifx@hotmail.com

thanks.

[Iris]

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

Looking for further North advance to the 32.8 Fib of the 1.0760<>1.2927 Bull North Run at 1.21 for a move onto 1.2120/40 to a test of the ST32.8 Time Fib at 1.2170... within striking distance of the North corrective High>retest at 1.2180.

South base firming/pullback has forward Positioned in the 1.1950<>1.20 level.

Time/Price has advanced thru the 32.8 Fib>1.21 of the 1.0760<>1.2927 Bull North move with a move onto 1.2120/42...Looking for South base forward advance/pullback to the 1.2025<>1.2050 basis for a North push to the ST32.8 Time Fib currently at 1.2185<>1.22 basis.

Iris

[Iris]

Eur/Usd..................
The 4/15/04 Post..........

The 1.1850<>1.1750 basis is the High Percentile entry for North positioning for a corrective run North to the 1.23<>1.24 levels for which resumption of the South decline will be launching for a revisit of the 1.16<>1.1550 basis.

Time/Price has advanced thru the 32.8 Fib>1.21 of the 1.0760<>1.2927 Bull North move with a move onto 1.2120/42...Looking for South base forward advance/pullback to the 1.2025<>1.2050 basis for a North push to the ST32.8 Time Fib currently at 1.2185<>1.22 basis.

Time/Price has established double intermediate decline Low's at 1.1758<>1.1775 with a corrective North High thus far at 1.2294. Currently Time/Price at a South test of the NT32.8>1.2150...
Looking for further weakness to 1.2120 for a South containment at the 32.8Fib>1.2080/50... with an advance North 1st Signal Alert at 1.2225/50 for a move thru 1.23 for a North advance to test the 1.2350 basis... Apexing the North Corrective Wave in the 1.2350<>1.2450 levels...with a resumption of the South decline unfolding to 1.16<>1.1550 basis.

Iris





Iris

[Iris]

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

Looking for further weakness to 1.2120 for a South containment at the 32.8Fib>1.2080/50... with an advance North 1st Signal Alert at 1.2225/50 for a move thru 1.23 for a North advance to test the 1.2350 basis... Apexing the North Corrective Wave in the 1.2350<>1.2450 levels...with a resumption of the South decline unfolding to 1.16<>1.1550 basis.

Time/Price has established the 1st Apex Run at 1.2350...Current Price at 1.2050...with South Base now retreating from the 1.2050/80 to a containment Zone at the 61.8Fib> 1.1950/75 of the 1.1373<>1.2927 North Range...were North Entries will be Positioning for a 2nd Run for the 1.2350<>1.2450 basis as the Corrective North move is begining to develop its decent South for the 1.16<>1.1550 basis as a 1st South Translation decline.

Iris