Hello Dkalense...Everyone...
Dkalense....I posted about 3 weeks ago what I saw for Euro in 3rd/4th QTR 2006...I will repost that sometime today...Euro currently from the Open...
Quote:
We started this last week with the Euro off the 1.2785<>1.2810 Buy Zone for a North advance to our Target Exits @ 1.2920<>1.2940 with a current High @ 1.2939 for which we Reversed into a Euro Sell Zone @ 1.2940<>1.2920 to a South Target Exit @ 1.2840...to once again begin to build North Positioning within the same Buy Zone @ 1.2785<>1.2810 looking for North breaks @ 1.2845<>1.2865 to sustain a North advance back to 1.29<>1.2940. Euro was contained @ 1.2852 as the Market continued its South fade back to 1.2810<>1.2785 for Daily back to back North tests within 1.2852 and 1.2842 to test further South to 1.2760 to a Low @ 1.2726 to return back within 1.2785<>1.2750. Clearly we have had a Euro Long Exit off 1.2940...but this Long Exit was not enmasse as I said a week ago...with North Positioning still in place and this Spike move to 1.2726 to Rally back to 1.2785 a clear Signal that an extension 1st Euro Buy Zone has been established within 1.2735<>1.2760 to add on the upcoming North advance a 2nd Euro Buy Zone @ 1.2785<>1.2810 to retest/break the current Highs once again @ 1.2920<>1.2940 levels.
Still holding Euro Long @ 1.2760 and will add within the 1st Euro Buy Zone to the 2nd Buy Zone leading into the Open Sunday forward into the new week to build North Positioning back to the Highs...therefore...
1st Euro Buy Zone @ 1.2735<>1.2760 to build North Positioning onto...
2nd Euro Buy Zone @ 1.2785<>1.2810...
Targeting 1.2880<>1.2920<>1.2940.
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Euro advances North from the Open into London Session with a current High @ 1.2821 activating the 1st Euro Buy Zone @ 1.2735<>1.2760 and currently testing a North break of the Top of the 2nd Euro Buy Zone @ 1.2785<>1.2810.
Last weeks North break Zone @ 1.2845<>1.2865 important to further a North advance thereby building a Higher Support attempt for 1.30+ into the Euro Top/ South Reversal Zone...
1st Euro Buy Zone @ 1.2735<>1.2760 to build North Positioning onto...
2nd Euro Buy Zone @ 1.2785<>1.2810...
Targeting 1.2880<>1.2920<>1.2940.
A Great Week of Trading Everyone.
Time the Wave.
IRIS FX