Trading Edges That Last
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Lawrence's Comment Recap Consolidation week moving around Y+1. Closed the week near Y+1 and midpoint. Outlook Y+1 acting as resistance if give us a test of Y-0 / B-2.READ MORELawrence's Comment Recap Still the best pair to swing trade. Failed to clear Y-0 midweek gave us a low risk ride down to Y-2 target. The nice surprise was that it flushed ...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 MOREPrecog Vision – Forex 2020-5-11Precog Vision – Forex 2016-9-20Hot n Cold (EURUSD) 2020-12-11Dow 30 Jul 25 to Jul 29 Outlook3DP Odds Table (EURUSD) 2012-12-05Intraday Cycle Projection (EURUSD) 2014-06-023DP Odds Table (EURUSD) 2014-02-06GBPUSD Jul 08 to Jul 12 OutlookPrecog Vision – Forex 2018-5-24Hot n Cold (EURUSD) 2012-4-17
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EURUSD Jun 02 to Jun 06 Outlook
Lawrence’s Comment
Euro was dragged below 1.36 finally. However, no spectacular reversal or major melt down from tagging 1.36. Closed the week above Y-1 and near midpoint.
Outlook
As long as B-1 holds, Euro has a good chance for a significant bounce back up to B+2 and B+3. It is necessary to relieve the multiple week sell pressure.
Should B-1 fail to hold, volatility will expand to the down side with potential target of 1.33 and below.
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