Trading Edges That Last
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Lawrence's Comment Recap ES continues to march higher with no significant pullback. Yet, it did not quite make it to the IHS target of 1570 mentioned last week. Option expiration together with ...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) 2014-01-13Precog Vision – Forex 2015-11-43DP Odds Table (EURUSD) 2014-07-01S&P 500 Mar 18 to Mar 22 Outlook3DP Odds Table (EURUSD) 2019-05-063DP Odds Table (EURUSD) 2020-05-273DP Odds Table (EURUSD) 2021-07-13Precog Vision – Forex 2011-8-31Precog Vision – Forex 2013-7-4Hot n Cold (EURUSD) 2012-9-20
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EURUSD Jul 01 to Jul 05 Outlook
Lawrence’s Comment
Failed to trade above the resistance I mentioned last week. Messy price action around Y-1 since. Capped within 50% previous week range. Closed the week below midpoint and above Y-2.
Outlook
Consolidation week ended with a down side close confirm the weakness. Y-3 is now in play as long as Euro fails to close above Y-1 on daily close basis.
ECB meeting this week will definitely induce volatility to the pair. One interesting scenario is a spike top back up to B+1 and immediately dropped back down to below B-0. That will open the door to a quick flush down to Y-3 easily.
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