Trading Edges That Last
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Lawrence's Comment Recap Hope for continuation selloff in July is almost always squashed. Y+1 breached right at the start of the week. Consolidated around Y+1 since. Found support late in the week ...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 MORELawrence's Comment Recap ES made it to the open gap fill above early in the week as expected. Since then consolidation for the Fed minute release on Wed. From there Y-0 was ...READ MOREWeekly Cycle Projection (EURUSD) 2019-07-01Hot n Cold (EURUSD) 2012-10-17Intraday Cycle Projection (EURUSD) 2020-11-02Nasdaq 100 Jul 08 to Jul 12 Outlook3DP Odds Table (EURUSD) 2011-07-27Precog Vision – Forex 2016-6-29Intraday Cycle Projection (EURUSD) 2014-10-203DP Odds Table (EURUSD) 2022-02-15S&P 500 Aug 24 to Aug 28 OutlookIntraday Cycle Projection (EURUSD) 2014-07-04
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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.
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