Trading Edges That Last
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Lawrence's Comment Recap Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed ...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 MORELawrence's Comment Recap Bounced back up to resistance I mentioned last week. Sold off in 2 legs down to target. Still my favorite pair. Closed at the low 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 MOREIntraday Cycle Projection (EURUSD) 2011-04-07Intraday Cycle Projection (EURUSD) 2017-04-283DP Odds Table (EURUSD) 2015-06-15Nasdaq 100 Jul 30 to Aug 03 OutlookIntraday Cycle Projection (EURUSD) 2011-06-013DP Odds Table (EURUSD) 2016-10-12Intraday Cycle Projection (EURUSD) 2020-10-27Precog Vision – Forex 2019-3-1GBPUSD Mar 12 to Mar 16 OutlookPrecog Vision – Forex 2023-5-2
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EURUSD Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Pulled back to Y-0 and bounced right off. Retested Y+1 and consolidating around it. Closed the week near Y+1 and above midpoint.
Outlook
The pullback and then the retest were picture perfect standard moves. At the end of the week, however, it is getting difficult to read. Both Euro zone and US are in political fights again. News from both sides are pulling euro in two different directions. i.e. bad news from the PIIGS sending euro down while US fiscal cliff talks pushing it back up.
Pure chart pattern suggests another push against B+1 first. If that fails to hold above B+1, or that euro simply slides down below B-0, will look for a retest of B-2.
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