Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint. Outlook Daily ledge ...READ MORELawrence's Comment Recap The expectation Euro would be a difficult play was correct. Due to ECB and Greece fighting, Euro spiked up and down depending on the news fed out at the ...READ MORELawrence's Comment Recap As explained last week, NQ likely test the nearest support below first. It did and attempted to take on Y+1 after Dow made its FBO against its Y-1. But ...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 MORE3DP Odds Table (EURUSD) 2016-11-08USDJPY Jun 08 to Jun 12 OutlookNasdaq 100 Apr 17 to Apr 21 OutlookDow 30 Nov 13 to Nov 17 OutlookEURUSD Feb 09 to Feb 13 OutlookNasdaq 100 Jun 08 to Jun 12 OutlookPrecog Vision – Forex 2022-4-29Precog Vision – Forex 2022-7-18Intraday Cycle Projection (EURUSD) 2012-06-263DP Odds Table (EURUSD) 2014-12-12
As Featured In
EURUSD Apr 01 to Apr 05 Outlook
Lawrence’s Comment
Pusher higher in the beginning of the week to fill the gap above but failed. News hit the wire before it was done. Euro collapsed back down to Y-2 before it can find real support. Closed the week below Y-1 and midpoint.
Outlook
Still news driven environment for Euro. Cyprus trouble is not even close to being resolved. This repeated problem of more crisis showing up will discourage people from putting money into euro. Hence there is no short term liquidity support at all. A slide to 1.26 the longer term support zone is not out of the question.
Share