Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Consolidation at 50% previous week range. Y+1 resistance with Y-0 support all week. Closed the week above Y-0 and below midpoint. Outlook Breaking below Y-0 / B-1 points to ...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 MOREPrecog Vision – Forex 2017-7-21USDCAD Jan 02 to Jan 06 OutlookIntraday Cycle Projection (EURUSD) 2017-06-293DP Odds Table (EURUSD) 2019-08-013DP Odds Table (EURUSD) 2023-05-02Nasdaq 100 Apr 11 to Apr 15 OutlookPrecog Vision – Forex 2012-3-73DP Odds Table (EURUSD) 2022-10-063DP Odds Table (EURUSD) 2023-05-02Precog Vision – Forex 2021-11-25
As Featured In
EURUSD Apr 07 to Apr 11 Outlook
Lawrence’s Comment
Euro went lower as expected. Strong reaction several times to stop the drop yet not able to change the course. Closed the week below Y-1 and midpoint.
Outlook
Critical week with euro sitting right above longer term support. Longer term resistance Y-0 to Y+1 will be difficult to break. That staged a potential fight back up to Y+1 / B+2.
As long as euro stays below B-0 / Y-0, more downside is expected. Once this zone is cleared, euro has a good chance to rally to Y+1.
Share