Trading Edges That Last
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Lawrence's Comment Recap Gap above Y+1 and failed to hold above. That started the move to fill the gap below. Gap fill led to a strong bounce but NQ can no longer ...READ MOREIntraday Cycle Projection (EURUSD) 2017-02-06Precog Vision – Forex 2023-2-20Intraday Cycle Projection (EURUSD) 2018-11-09AUDUSD Aug 13 to Aug 17 OutlookIntraday Cycle Projection (EURUSD) 2019-08-06Precog Vision – Forex 2019-4-8Intraday Cycle Projection (EURUSD) 2015-03-24Intraday Cycle Projection (EURUSD) 2015-09-02Precog Vision – Forex 2022-5-31Nasdaq 100 May 04 to May 08 Outlook
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EURUSD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Reversal expectation played out. Euro rejected Y-1 and zoomed above Y+1 right after FOMC announcement. Strong reaction above Y+1. Closed the week above Y-0 and midpoint.
Outlook
Although euro snapped out of its down trend, it still has to deal with trapped long from above 1.09. This means even though a short term bottom is in place, there is still likely shake out move pressing euro back down to below Y-0 or even retesting Y-1 before Euro can go higher.
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