Trading Edges That Last
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Lawrence's Comment Recap As expected, the pullbacks are buying opportunities. Quiet week overall all during this holiday season. Closed the week above midpoint. Outlook 3rd week with tighten range although higher high and ...READ MORELawrence's Comment Recap Y-0 acted as support in the beginning of the week. Set the stage to challenge Y+1. 2nd swing took out Y+1 and Y+2. Closed above Y+1. Outlook As long as ...READ MORELawrence's Comment Recap Y-0 acted as support as expected and a double bottom was formed late in the week to break the Y+1 resistance. Outlook As long as B-0 to Y+1 acts as ...READ MOREPrecog Vision – Forex 2017-8-43DP Odds Table (EURUSD) 2022-05-253DP Odds Table (EURUSD) 2017-06-083DP Odds Table (EURUSD) 2014-09-18Intraday Cycle Projection (EURUSD) 2011-05-16Intraday Cycle Projection (EURUSD) 2019-07-01Intraday Cycle Projection (EURUSD) 2018-06-06USDJPY Dec 26 to Dec 30 OutlookUSDJPY May 23 to May 27 OutlookAUDUSD Jun 06 to Jun 10 Outlook
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EURUSD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
No further sell off, just jawboning from ECB and Fed to pop the pair. It is expected and obviously has been sold into at Y-0. Closed the week above midpoint and Y-1.
Outlook
Although Y-0 has been rejected, it does not mean that ECB will give up shocking the market again. Having euro drops to nothing has been the hidden agenda of ECB but it has been crippled by the actions from Fed.
The current situation is giving ECB the perfect excuse to let euro slides down to 1.3 or lower price level.
The only thing standing between that from happening is Fed. Since both ECB and Fed are going to be busy this week (meetings, announcements, etc.) it is not a good idea to stand between these two opposite forces. Stay away from the pair is probably a good idea.
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