Trading Edges That Last
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Lawrence's Comment Recap As explained last week, short term low should be in place and it worked out nicely. Y-0 support sent this up to Y+1 and pushed up again but failed ...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 MORE3DP Odds Table (EURUSD) 2014-06-033DP Odds Table (EURUSD) 2021-03-10Precog Vision – Forex 2013-1-303DP Odds Table (EURUSD) 2012-12-14AUDUSD Jun 01 to Jun 05 Outlook3DP Odds Table (EURUSD) 2012-07-18USDCAD Jun 29 to Jul 03 OutlookPrecog Vision – Forex 2014-1-73DP Odds Table (EURUSD) 2014-04-22Intraday Cycle Projection (EURUSD) 2021-10-29
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EURUSD Jan 20 to Jan 24 Outlook
Lawrence’s Comment
Euro found resistance exactly at where I expected. Easiest play last week. Sold off since Y+1 was rejected and continue to weaken. Closed the week below Y-1 and near week low.
Outlook
They keep trying to avoid it but the selling still happened. A drop to Y-2 is likely. The big question is whether it will trigger a massive drop to 1.34 or lower.
Long side has to wait til B-0 acting as support.
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