Trading Edges That Last
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Lawrence's Comment Recap As expected, once a clean breakout is in place, we get full range expansion in 1 go. The first push towards Y+1 failed to clear the tight ...READ MORELawrence's Comment Recap Euro cleared the resistance zone mentioned last week, staging Y-0 support for a run to Y+1 and above. And that's exactly what happened right after. 100% absolute range expansion ...READ MORELawrence's Comment Recap Dow pullback from Y+1 down to Y-0 was expected and unfolded early in the week. When it fails to hold Y-0, the drop turned into all out sell off ...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 2018-1-10EURUSD Jan 07 to Jan 11 OutlookEURUSD Oct 20 to Oct 24 OutlookWeekly Cycle Projection (EURUSD) 2014-11-173DP Odds Table (EURUSD) 2022-01-05Weekly Cycle Projection (EURUSD) 2022-01-24Dow 30 Mar 30 to Apr 03 OutlookPrecog Vision – Forex 2022-8-193DP Odds Table (EURUSD) 2016-11-233DP Odds Table (EURUSD) 2023-05-02
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EURUSD Oct 13 to Oct 17 Outlook
Lawrence’s Comment
Euro rallied from Y-1 as expected and cleared Y-0 in 1 go. The counter-trend rally was triggered as mentioned last week zooming it back up to near 1.28 before stalling. Closed the week near Y-0 and below midpoint.
Outlook
Euro rejected above Y+1 and 1.28 decisively. It will be difficult to clear Y+1 again until a proper bottom on 4 hours is formed.
As long as euro cannot clear Y+1 we are looking for a retest of Y-1.
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