Trading Edges That Last
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Bear Putting is the concept of taking advantage of an established down move to capture a part of the move from its remaining momentum to the down side. Similar to ...READ MORELawrence's Comment Recap No breakout. Simply consolidated within Y-1 to Y-0. Outlook Y-0 is the resistance area we are looking for a clue for continuation selloff or a break of the ...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 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 2015-12-1Forex Trading Open Secrets: Euro Dollar Bear PuttingGBPUSD Jul 04 to Jul 08 OutlookS&P 500 May 09 to May 13 OutlookIntraday Cycle Projection (EURUSD) 2017-11-27Precog Vision – Forex 2021-7-153DP Odds Table (EURUSD) 2015-03-26Precog Vision – Forex 2017-10-4Intraday Cycle Projection (EURUSD) 2021-07-01EURUSD Apr 06 to Apr 10 Outlook
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EURUSD Jun 15 to Jun 19 Outlook
Lawrence’s Comment
Above 1.12 resistance continues to cap the upside for euro. Test of Y+1 dropped euro back down to below 1.12 quickly. Closed the week above Y-0 and midpoint.
Outlook
Euro staying strong on the “can kicking down the road” script. Now that another day is set on June 30, this will lead to compression in euro in coming 2 weeks. FOB upside against Y+1 / B+1 can zoom euro up to B+2 / 1.15 area with a quick drop back down to below B+1 is possible.
Not the best time to trade euro.
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