Sell Eur/Usd

[Iris]

Yes, I can tell U the name of the charts is ExchangeMasterfx . It is a real time package I am building.

And Currencia is the One to bring a 21st Century Projection and Drawing Tool for RealTime FX Charting Software.

A calibration Tool for projecting future Time/Price points.

Currencia's Forte'.

[James]

Morning Iris, Currencia....

Euro needs to exit the 1.1960 - 1.2500 range, formed by the 618 boundaries, to attract more money in either direction. I think the argument for both sides is equally compelling.

What do you feel is the important factor giving the short side your votes? I would be interested in both of your comments.

[stormygold]

Hi

"may i participate in this good thread .."


[Supp/Resist for the next 3weeks (inchallah) ]

eur/usd

Resistance : 1.2350 (=> Tested first)
Support : 1.1880

Kind regards

Stormy

[Speculator]

All I see is EUR oscillating around 61.8 level of all time High/Low and 52 and 26 week moving averages, all at around 1.2120-30. Price is still on the north side after meager sell-off from recent heights.
As much as I’d like to see a south move, I still won’t bet my shirt on it before the above mentioned level is broken and north pressure contained. With few words bulls kind of still being in control at this stage.

My $0.02

Good luck an good trades.

[bearprofits]

If an Amateur might add a Bearish view,

[Iris]

Eur/Usd<>US Dollar Index................

Hello James... The Fundamental<>Technical picture has inverted...

Euro needs to exit the 1.1960 - 1.2500 range, formed by the 618 boundaries, to attract more money in either direction. I think the argument for both sides is equally compelling.
What do you feel is the important factor giving the short side your votes?

the consolidation of the Range 1.2460<>1.1970 is reaching its culmination...FED tightening Bias...ECB containment of the 1.24/25 basis are still Fundamental facts...with that Central Bank perception...and North containment of 1.2460...
Looking for a retest of the 1.1760 basis.

The US Dollar has firmed and advanced from the 88<>88.50 basis...with the "soft patch" in US Economic Growth shifting and showing Fundamental strengthening in conjunction with a FED Hike Bias...as USD has had inverse movement in light of cautious warning Data releases...basing...with Net Majority Positioning setting up Longs at the ST50 88<>50Fib 88.50 level. The ST50<>50Fib has contained USD declines and provided strong launchpoints North...with USD currently at 89.40... with important Data verification for further USD strength catching the Market's attention...

See USD making a break of the important 90 basis...for an initial North move to 90.50<>91 basis.

USD is Buying the Weakness.

This weeks US Dollar Index<>COT Data has decisive action in Positioning that gives credence to a Bullish USD...the Smart Money ie the Commercials/Fundamentals...have liquidated Shorts enmasse by Covering over 5000 Short Positions from the 9/7<>9/14 period. Along with declining Open Interest on the Short Covering to Commercial Longs initiating a Dollar rally...and the extreme opposition to the Large Speculators...A Big Move is Brewing as the Commercials have abandoned Short USD Positions on Data that is not an 8:30amEST release. The USD's Fundamental/Technical alignments are Positioning heavily Net Long at this Time with a firming at 88<>89 basis ...which shows the "unusual strength" on adverse Data releases...base building a Bullish USD Bias.

The Dollar duality Sentiment is still in effect...thus a break of the demarcation lines at 90<>88 hold the answer...USD is reaching a point of singularity with the Range envelope imploding. The Best Research is in Pre-Positioning...which is were we are currently at...early Directional Bias...based on the Squaring of Time/Price.

US Dollar Index currently 88.90...
90 basis break ...North
89 Squaring of Time/Price
88 basis break ...South

Net Commercial Positioning are Long USD...at 92% with declining OI covering at an extreme to the Large Specs... and thru the exits on Short USD Positions.

The firming of USD's Fundamental/Technical structure continues...

Thus Looking for a retest of the 1.1760 basis initialy to a new South decline Low in the 1.16<>1.1550 levels...and then........

The US Dollar has reached Decision Time...........

[James]

Thanks Iris...good reasoning and sound logic. Looking forward to observing the moves in coming days as volatility has contracted to very low levels - big move ahead

[4X4X]

Very true, these are the probable and logical changes supported by fundamentals, I have also been observing the same picture and trying to make the sense of unusual trend for last 3 months, thanks for enlightening Iris.