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Lawrence's Comment Recap Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low. Outlook Warned last week wild swings are expected ...READ MORELawrence's Comment Recap Expectation of euro going lower paid off. FOMC announcement failed to swing euro above Y+1 and gave us the Y-2 target. Closed the week below Y-1 and midpoint. Outlook As long ...READ MORELawrence's Comment Recap Pullback to Y-2 support zone as expected. Ninja rallied since to tag Y+1. Strong reaction at Y+1 zone bought ninja back down. Closed the week below Y-0 and near ...READ MOREIntraday Cycle Projection (EURUSD) 2021-04-15GBPUSD Aug 04 to Aug 08 OutlookIntraday Cycle Projection (EURUSD) 2013-09-05Hot n Cold (EURUSD) 2019-1-4Intraday Cycle Projection (EURUSD) 2017-01-31EURUSD Dec 23 to Dec 27 OutlookAUDUSD Jan 30 to Feb 03 OutlookUSDJPY Aug 03 to Aug 07 OutlookUSDCAD Mar 12 to Mar 16 OutlookEURUSD Jul 16 to Jul 20 Outlook
As Featured In
EURUSD May 06 to May 10 Outlook
Lawrence’s Comment
Reaction at Y+1 gave us the setup for a 1-2-3 long breakout upside setup. Normal breakout target of Y+3 was reached. euro pullback to Y+2 but failed to hold there. Euro flushed back down to Y-0 below it can find support. Closed the week below midpoint and above Y+1.
Outlook
Upside breakout closing above Y+1 points to strength. Euro can easily move back up to retest B+1 this week. A break of B-1 will give us B-2.
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