Sell Eur/Usd

[popoola]

Very bold call Noor. I an amazed at the strength of the euro and pound in the face of these bearish sentiment. I think we will get that fall but it will be after the bears have given up

[hoene003]

Originally Posted by popoola

Very bold call Noor. I an amazed at the strength of the euro and pound in the face of these bearish sentiment. I think we will get that fall but it will be after the bears have given up

WHAT bearish sentiment !!!???

[rufffen]

Bold call? Here's something bold then: GBP USD SELL WINDOW 8900-8940 SL 8960 TP1 8600.

[MidnightRun]

No kidding Ruffen?

[rufffen]

Mate ask Currencia if Im ever kidding, if I pick spots to move my stack in, I usually stick with the plan. Stops are there to manage your risks and trim losses.

[zarif]

Iris, Noor, Ruffen et al - I salute you guys as is one thing to make a call and another to trade it.
You fellows have given your views,reasons of trade Stop and targets.
So it is so nice to see that you have planned the trade and are now going to trade the plan.

Good luck and many thanks for sharing with us.

rgds
Zarif

[Iris]

Hello Everyone.........

The Euro maintains a North bias above the 1.2785<>1.2755 Zone with the door South opening on a break still @ 1.2720 with confirmation @ 1.2610 to retest/break the 1.2480/56 Lows onto 1.2350 levels. Interesting developements in the Net Majority Positioning within the USDollar Index as Open Interest approaches a yearly Low...and for those that have followed my writings on Open Interest over the years within COT Positioning know that I have developed a mechanism that determines order flow as Short-Long Term Positioning develops and I have seen others use it as a confirming factor within the underlying Fundamental dynamic of the respective Single Currencies. With Open Interest approaching and within a yearly+ Low the USDollar Short Positions are being Exited from the Market.

The question is where will the USDX North Reversal gain traction as it relates to the Eur/Usd<>Gbp/Usd<>Usd/Jpy<>Usd/Chf and Aud/Usd<>Usd/Cad as well as other pairs.

On the Euro with the 1.2720 level holding a Reversal Zone/Top is forming into a North Buy Entry Window @ 1.2755<>1.2785 which developed as this initial Sell Zone going back 10 days @ 1.2785<>1.2755 has Reversed for a Final push and completion in the USDollar Index Short Covering and Exits from the Market with a North break @ 1.2910 and North confirmation on a break @ 1.2960 developing a North Top/South Reversal Zone @ 1.3035<>1.31<>1.3120 as the USDollar Index Short Positions are Exited with the Commercials building Net Long Positions into Fall 2006.

Central Bank yields within Economic data against Inflation will set the tone for 3rd/4th QTR 2006 as full Market participation re-enters approaching September and yesterdays FED pause with resultant USDollar Rally was a further Bull Trap fade in the USDX and Euro North move back within 1.29 as the Final Low approaches and further USD Short Cover as impatient North Positioning is Stopped out of the Market in the USDollar Index.

Euro 1st North Buy Zone @ 1.2785<>1.2755....to add on breaks @

Euro 2nd North Buy Zone @ 1.29<>1.2920....

to Target Zones @ 1.3035 onto 1.31<>1.3120.

The Euro North Top/South Reversal resides within 1.3035<>1.31<>1.3120 levels ...and as the USDollar Short Covering finalizes with the Accumulation by Commercials of excellent USDollar Long Positions the Reversal will gain traction out of the Summer Range establishing a North Top/South Reversal into 3rd/4th QTR 2006.

Noor great to see your Research again my Friend...continue on as there are many here behind the scenes who appreciate and respect a Professional Analysis of the Market.

Speculator...the Yen has 114.30<>114 Zone the advance/decline Zero Point and with further USDollar Short Covering/Exits the 112.70<>112 level will provide the 1st Buy Zone in the Usd/Jpy with a North break @ 114<>114.30 a 2nd Buy Zone Targeting 116.40<>117.60 onto 118.30. Sell the Yen back from these levels and watch 114 as the final Low approaches onto the 112.70<>112 levels and then North by Positioning in the USDollar Index Short Exits for a USDX Rally across the board. The Market is Positioning for the Fall of 2006. Best to You my Friend.

IRIS FX

[Iris]

Hello Everyone...........

On the Euro with the 1.2720 level holding a Reversal Zone/Top is forming into a North Buy Entry Window @ 1.2755<>1.2785 which developed as this initial Sell Zone going back 10 days @ 1.2785<>1.2755 has Reversed for a Final push and completion in the USDollar Index Short Covering and Exits from the Market with a North break @ 1.2910 and North confirmation on a break @ 1.2960 developing a North Top/South Reversal Zone @ 1.3035<>1.31<>1.3120 as the USDollar Index Short Positions are Exited with the Commercials building Net Long Positions into Fall 2006.

Central Bank yields within Economic data against Inflation will set the tone for 3rd/4th QTR 2006 as full Market participation re-enters approaching September and yesterdays FED pause with resultant USDollar Rally was a further Bull Trap fade in the USDX and Euro North move back within 1.29 as the Final Low approaches and further USD Short Cover as impatient North Positioning is Stopped out of the Market in the USDollar Index.

Euro 1st North Buy Zone @ 1.2785<>1.2755....to add on breaks @

Euro 2nd North Buy Zone @ 1.29<>1.2920....

to Target Zones @ 1.3035 onto 1.31<>1.3120.

The Euro is back to the 1st Buy Zone Window @ 1.2785<>1.2755 with a current Low @ 1.2748 after a North High @ 1.2912 as Time/Price consolidates within the 1st/2nd Buy Zones with a North advance break @ 1.30 to Target 1.3035<>1.31<>1.3120 Zones for a North Top/South Reversal in the Eur/Usd thereby establishing a definitive Secondary Top on the Weekly.

Current Price @ 1.2792

IRIS FX