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Lawrence's Comment Recap Quiet start led to an explosive stop hunt late in the week. 200 pips swing to almost Y+2 / 1.39 before it stopped. Closed the week above Y-0 and ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1. Outlook The strength of ...READ MORE3DP Odds Table (EURUSD) 2014-02-033DP Odds Table (EURUSD) 2012-10-243DP Odds Table (EURUSD) 2022-02-01EURUSD Dec 30 to Jan 03 Outlook3DP Odds Table (EURUSD) 2015-12-03Intraday Cycle Projection (EURUSD) 2011-04-26Precog Vision – Forex 2022-3-4GBPUSD Mar 07 to Mar 11 Outlook3DP Odds Table (EURUSD) 2012-03-12Weekly Cycle Projection (EURUSD) 2012-09-03
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EURUSD Oct 07 to Oct 11 Outlook
Lawrence’s Comment
Y-0 never turned into resistance. Euro gapped below that but traded back up above it immediately. Breakout above Y+1 and tagged Y+2. Not quite made it to Y+3 and stalled. Closed the week below Y+1 and midpoint.
Outlook
The upside bias worked out. By end of week, however, the strength in euro has disappeared when cable leading to the downside. A close like this points to short term top likely in place.
This week a retest of B-1 is likely without a retest of B+1.
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