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Lawrence's Comment Recap Cleared my resistance zone. Landed at target Y+3. Good enough for me. Closed the week at Y+3 and near week high. Outlook Two possible scenarios. First, consolidation around or above B+1 ...READ MORERecap Tried to stage a rally off Y-0 but failed as it formed a 3 pushes, giving experienced traders time to exit their longs and went short. Target area Y-1 ...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 MOREGBPUSD Feb 26 to Mar 02 OutlookHot n Cold (EURUSD) 2012-10-19USDJPY May 13 to May 17 OutlookUSDCAD Nov 28 to Dec 02 OutlookDow 30 May 16 to May 20 Outlook3DP Odds Table (EURUSD) 2013-07-31Intraday Cycle Projection (EURUSD) 2012-03-13S&P 500 Jun 13 to Jun 17 OutlookPrecog Vision – Forex 2018-10-23DP Odds Table (EURUSD) 2021-11-23
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EURUSD Feb 21 to Feb 25 Outlook
Lawrence’s Comment
Y-1 breached early in the week but did not act as resistance. That is the early signs of strength. Couple that with the spike low is 100% absolute expansion, we already know Y-0 was in play. Y-0 tagged by end of the week.
Outlook
B-0 acts as support and taking out B+1 decisively, major rally will start with 1st target B+3.
A weak selloff to B-1 will not produce significantly downside move as weekly range is contracting. Closing at Y-0 also means some kind of equalibrium is reached.
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