Sell Eur/Usd

[Iris]

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

South decline thru 1.2350 gives way to 1.2270<>1.2250 with a test at 1.22...see North 1.2375/90 Cap

Time/Price holds on the North Spike push the Data at 1.2385...to current Low at 1.2314. Looking for the North Cap to move down to 1.2350/60 basis for a South continuation with a break of 1.23 to 1.2270/80 were a Bull attempt will be made for another North push...which will bring the North Cap down to 1.2330/50 basis for a Reversal South move to 1.2250<>1.22 basis.

Iris

[Iris]

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

Looking for the North Cap to move down to 1.2350/60 basis for a South continuation with a break of 1.23 to 1.2270/80 were a Bull attempt will be made for another North push...which will bring the North Cap down to 1.2330/50 basis for a Reversal South move to 1.2250<>1.22 basis.

Time/Price has North High at 1.2364....South move on to 1.2270/80...50Fib 1.2279... for a North Reversal to 1.2330<>1.2350...if 1.2270 breaks with run to 1.2250 the Bulls will have much to ponder.

Current South Low...1.2289.

[Iris]

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

Looking for the North Cap to move down to 1.2350/60 basis for a South continuation with a break of 1.23 to 1.2270/80 were a Bull attempt will be made for another North push...which will bring the North Cap down to 1.2330/50 basis for a Reversal South move to 1.2250<>1.22 basis.

Time/Price North advance High to 1.2378 off of yesterdays decline Low at 1.2282...Looking for a retest/break of the 1.23 basis for a move South to the 1.2270/80 level...to begin probing the All important 1.2250 ...with a break of 1.22 Signaling strong South momentum towards a further decline to 1.21 basis. North continuance still resides at a break of 1.24 for a run to 1.2460 thru 1.25.

Its getting near Decision Time.

[Iris]

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

Time/Price North advance High to 1.2378 off of yesterdays decline Low at 1.2282...Looking for a retest/break of the 1.23 basis for a move South to the 1.2270/80 level...to begin probing the All important 1.2250 ...with a break of 1.22 Signaling strong South momentum towards a further decline to 1.21 basis. North continuance still resides at a break of 1.24 for a run to 1.2460 thru 1.25.

Its getting near Decision Time.

Time/Price is Square the 1.2927<>1.1771 Range at the 50Fib>1.2350 basis...the Launch Point for an advance to 1.2460/90<>1.25...or a decline thru 1.23<>1.2250 to a test/break at 1.22. Eur/Usd sits at an Important Crossroad.

Is it North thru the 382>1.2485 or South thru the 618>1.2210?

1st Signal Price Discovery/Directional Movement is at h.

[James]

Hi Iris

Interesting how similar the price action in the past week has been to that of the first week in June.

I still have a bullish outlook at the moment but must agree with your comments we are probably at an important junction this week next.

If price action does follow early June's pattern we are in for a sudden drop to around 1.2000.

[Iris]

Hello James............

US Dollar Index is the Key.....

North thru 88.50<>90 builds USD strength...

South thru 87.50<>87 shows USD weakening...

Either way Positioning in Early stage for the move...88.04 today.

Time/Price is giving a 1st Signal Bias...USD is at Decision Time.

[gogga]

Hi Iris

Sorry to ask a silly question on your thread.What charts do you use to get dollor index feed ?Is there a free package you can recommend?

[Iris]

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

Looking for a retest/break of the 1.23 basis for a move South to the 1.2270/80 level...to begin probing the All important 1.2250 ...with a break of 1.22 Signaling strong South momentum towards a further decline to 1.21 basis. North continuance still resides at a break of 1.24 for a run to 1.2460 thru 1.25.

Time/Price has North High at 1.2378 with South decline thru 1.23 to current Low at 1.2276. USD has rallied off its Low at 87.73 to current North advance to 88.24...maintaining its position above 88 basis.

US Dollar Index is the Key.....
North thru 88.50<>90 builds USD strength...
South thru 87.50<>87 shows USD weakening...

1st Signal South is a break of 1.2270 to a test at 1.2250 basis...with a South decline to 1.2250 unfolding...then a Low in the 1.2210/25 levels...backing the Bulls into a further decline thru 1.21 for a rendevous with the 1.1950 basis. The Pendulum for USD will be at 1.2250<>1.22 basis.
Googa..........

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