Sell Eur/Usd

[Iris]

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

Still Looking for 1.2830<>1.2809 to contain the North advance for South entries thru 1.27 for 1.2650<>1.26 with 1.2850 triggering a North advance for 1.2927<>1.30+ Highs.

Time/Price North High at 1.2829 to a current South Low at 1.2722...a break at 1.27 sets a further decline to 1.2680<>1.2650 basis.

[Iris]

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

Time/Price has oscillated in the 1.2841<>1.2625 Range as the US Presidential election is ready to Vote...with upcoming FED Policy and firming US Economic Data for the remainder of 2004 into 2005 solidifying.

Still Looking for 1.2830<>1.2809 to contain the North advance for South entries thru 1.27 for 1.2650<>1.26 with 1.2850 triggering a North advance for 1.2927<>1.30+ Highs.

Time/Price North High at 1.2829 to a current South Low at 1.2722...a break at 1.27 sets a further decline to 1.2680<>1.2650 basis.

On the Eve of the US Presidential election Time/Price has moved to the 50Fib of the 1.2841<>1.2625 Range at 1.2735...Looking for a North containment at 1.2785<>1.2750 for a South decline thru 1.27 for 1.2650<>1.26 basis.

[Iris]

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

NFP at 8:30...Looking for a +200 figure with Time/Price North containment at 1.29<>1.2930 for a South decline thru 1.28 for 1.2750<>1.27<>1.2680 basis.

[bearprofits]

Iris,

Good call, let's see if it will hold.

[Iris]

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

NFP at 8:30...Looking for a +200 figure with Time/Price North containment at 1.29<>1.2930 for a South decline thru 1.28 for 1.2750<>1.27<>1.2680 basis.

NFP at +337k...South decline to 1.2762...triggering North Longs back to 1.29...current North High at 1.2908...South Reversal setting up within the North containment area 1.29<>1.2930 for a South decline thru 1.2850<>1.28 basis.

[Iris]

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

Time/Price has advanced North to current Alltime High at 1.2976
...the ECB's rationale for allowing the Euro to appreciate is strictly based on Oil's inflationary effects in the EU... for which a containment at $50<>$52bbl would make the Voices in Euroland begin to sound as ECB President Trichet echoed last week on "excess volitility" from the G7 Communique' earlier this year.

Looking for a North containment at the 618Fib at 1.2991<>1.30 for a South Reversal decline thru 1.29 to 1.2850 basis.

[Iris]

Euro COT Weekly............

The Commercial/Large Speculators are at Contract Long/Short Positioning extremes never seen since the inception of the Euro...Signaling riding the Apex of this Top...as the Commercials are heavily Net Short and Open Interest entering Yearly Highs...1st downturn in OI Signals Euro Longs are heading for the Exits.

[Iris]

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

Time/Price has advanced North to current Alltime High at 1.2976
...the ECB's rationale for allowing the Euro to appreciate is strictly based on Oil's inflationary effects in the EU... for which a containment at $50<>$52bbl would make the Voices in Euroland begin to sound as ECB President Trichet echoed last week on "excess volitility" from the G7 Communique' earlier this year.

Looking for a North containment at the 618Fib at 1.2991<>1.30 for a South Reversal decline thru 1.29 to 1.2850 basis.

Time/Price has established a new Alltime High at 1.2985...with a South Reversal decline currently at 1.2889. Looking for a North containment inside the NT50 TimePhib at 1.2935 for a South continuance to the 382/50Fib at 1.2850 1.2807 basis.

North breaks of 1.2950 Target a run at the Highs onto the 1.3075 level.