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Lawrence's Comment Recap Open the week with clean break above Y+1 opened the door to Y+2 and Y+3 since. Multiple attempts to go lower has failed leading to end of week rally ...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 MORELawrence's Comment Recap Sold off early in the week holding Y-1 and immediately retested Y+1. Midweek selloff produced a higher low and by Friday, broke out above Y+1 and tagged ...READ MORES&P 500 Mar 03 to Mar 07 Outlook3DP Odds Table (EURUSD) 2021-10-01Intraday Cycle Projection (EURUSD) 2015-03-30Precog Vision – Forex 2022-12-5Weekly Cycle Projection (EURUSD) 2018-12-17Precog Vision – Forex 2022-12-2USDJPY Jan 16 to Jan 20 OutlookIntraday Cycle Projection (EURUSD) 2015-08-13EURUSD Nov 14 to Nov 18 OutlookDow 30 Oct 24 to Oct 28 Outlook
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EURUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Consolidated early in the week as a bear flag. Finally bear flag broken to the down side and breached Y-1. Euro reversed its course quickly above previous week close and zoomed higher until 100% absolute range expansion is reached. Closed the week above Y-0 and midpoint.
Outlook
The reversal looks very similar to the one we got with cable in terms of price pattern formation.
For the reversal to work out, we need B-0 to hold and zoom higher this week. As long as Y-1 holds will be interested in potential long setups with target B+2 and above.
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