Sell Eur/Usd

[Iris]

Eur/Usd Weekly Time/Price.........Testing the Historical Highs...

US Dollar Index..........Testing the Historical Lows...

[Iris]

Eur/Usd........US Dollar Index.....

USD is Positioing for a sharp Correction/Reversal...at 85.50<>84.50 basis...moving within the Historical Lows.....

Looking for a Double Bottom in the USD at 85.50<>84.50 basis with a North Reversal advance onto 87<>87.50 level.

Time/Price in the US Dollar Index has South Low at 84.85 and currently at 85.24...Oil is off the Highs at 55.67 currently at 54.75 with Gold at $430...Looking for a North containment in Eur/Usd at 1.2830<>1.2809 for a South Reversal thru 1.27 to 1.2650<>1.26 basis.

Time/Price for the Eur/Usd has current North High at 1.2841 to a South decline Low at 1.2765...USD has a North advance to 85.26 and currently 85.09...Oil is off the Highs at $54.23...and Gold also lower at $428....Looking for a Eur/Usd North containment at 1.2830<>1.2809 for a South decline thru 1.2750<>1.27 for further weakness to 1.2650<>1.26 basis.

[psperos]

Iris,

This could show some technical confirmation on oil resistance.

[Iris]

Nice Work Pete.................

This could show some technical confirmation on oil resistance.

Oil appears to have Topped...1st substantial downturn in Open Interest...Longs are Covering...in conjunction with W5High.

Oil is still volatile...Double Top or Spike High?...maybe tho a break of $52<>$51 would negate that...and fuel a USD Technical North advance....Oil hits a W5High at Technical resistance...and OI decline shows Exits underway.

[Iris]

Eur/Usd....US Dollar...Oil........Gold......

Time/Price for the Eur/Usd has current North High at 1.2841 to a South decline Low at 1.2765...USD has a North advance to 85.26 and currently 85.09...Oil is off the Highs at $54.23...and Gold also lower at $428....Looking for a Eur/Usd North containment at 1.2830<>1.2809 for a South decline thru 1.2750<>1.27 for further weakness to 1.2650<>1.26 basis.

Time/Price in the Eur/Usd has current North High at 1.2812 with a South decline to 1.2725...US Dollar has firmed at 85.10...with Oil back to the +$55 level currently at $55.25...and Gold lower at $426.80. Looking for same North containment on Eur/Usd at 1.2830<>1.2809 for a South decline thru 1.2750<>1.27 for further weakness to 1.2650<>1.26 basis.

A North continuation would be triggered with a break of 1.2850 for an advance to the Highs at 1.2927<>1.30 level.

[Iris]

Oil appears to have Topped...1st substantial downturn in Open Interest...Longs are Covering...in conjunction with W5High.

Oil is still volatile...Double Top or Spike High?...maybe tho a break of $52<>$51 would negate that...and fuel a USD Technical North advance....Oil hits a W5High at Technical resistance...and OI decline shows Exits underway.

Oil Market has a South Reversal after a North advance to the Highs at $55.65...currently $53.55...US Dollar Rallies at 85.38 with a High for the Session at 85.43.

[Iris]

The US Dollar has Rallied to Session Highs...Oil on the South Reversal hit $53...currently $53.65...Eur/Usd current Lows at 1.27...Gold down from $429 to session Lows at $424.

[psperos]

Nice work Iris.

Bonds too are in this game.

30yr..