Trading Edges That Last
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Lawrence's Comment Recap Euro drifted lower and consolidated around Y-1. As euro dropped lower, European officials came out b.s. all the way to keep the currency stable again. Closed the week at ...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 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) 2015-03-103DP Odds Table (EURUSD) 2016-04-11Precog Vision – Forex 2014-7-4Intraday Cycle Projection (EURUSD) 2015-06-29EURUSD Sep 09 to Sep 13 OutlookDow 30 Jan 09 to Jan 13 OutlookPrecog Vision – Forex 2022-8-16Precog Vision – Forex 2022-6-14Intraday Cycle Projection (EURUSD) 2020-08-20Precog Vision – Forex 2021-3-31
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EURUSD Jul 15 to Jul 19 Outlook
Lawrence’s Comment
A nice surprise from last week. The counter-trend play happened and carried euro back up to my target mentioned last week quickly. The surprise was that stops were discovered and induced a squeeze up to the official allowed range top at 1.32. Euro pulled back since. Closed the week above Y-0 and midpoint.
Outlook
What ECB says obviously depends on the price level of euro at the time of the announcement or speech. It is very clear from the past few talks from their officials that they like to keep euro stable.
As a trader, I will avoid euro except when it is trading at the 1.32 and 1.28 boundaries. I mentioned this in my newsletter that this is the play until some crisis resurface again. It works out very well so far.
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