Trading Edges That Last
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Lawrence's Comment Recap Three pushes against Y-0 and failed to take it out. Leading to a selloff of 100% absolute range expansion to the dowside. Closed at the low of the ...READ MORELawrence's Comment Recap No selloff materialized as the gap and go play took over. Unlike Dow still trading below its all time high, ES has been pushing a new one this week ...READ MORERecap of Last Week Early in the week a low was formed to create a powerful IHS with neckline at approx. prior week high (green zone). A breakout of ...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 MOREUSDCAD Jul 13 to Jul 17 OutlookGBPUSD Jun 13 to Jun 17 OutlookS&P 500 Aug 25 to Aug 29 OutlookEURUSD Jan 24th to 28th Outlook3DP Odds Table (EURUSD) 2013-01-24Hot n Cold (EURUSD) 2014-12-193DP Odds Table (EURUSD) 2019-03-15Precog Vision – Forex 2022-6-24Hot n Cold (EURUSD) 2011-11-24AUDUSD Feb 18 to Feb 22 Outlook
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EURUSD Apr 16 to Apr 20 Outlook
Lawrence’s Comment
Euro drifted up exactly as expected and tagged Y-0 before turning down sharply. Closed near Y-1 with 50% range of prior week.
Outlook
A break of B-1 will likely giving just B-2 and B-3 quickly. That means tagging the previous year close.
Be very careful when that happens because government officials can kick start major intervention when they find an excuse that the “irrational currency movement is endangering the euro zone economy”.
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