Trading Edges That Last
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Lawrence's Comment Recap Rallied continued to tag Y+2. Turned into spike high and breached Y+1 giving us more downside. Dropped down to below Y-0 and found support. Closed the week above Y+1 ...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 MOREHot n Cold (EURUSD) 2012-11-5USDJPY Dec 09 to Dec 13 OutlookNasdaq 100 Feb 01 to Feb 05 Outlook3DP Odds Table (EURUSD) 2020-08-19Nasdaq 100 Sep 25 to Sep 29 OutlookPrecog Vision – Forex 2018-10-253DP Odds Table (EURUSD) 2018-07-19Precog Vision – Forex 2016-7-5Weekly Cycle Projection (EURUSD) 2016-03-21Precog Vision – Forex 2012-3-5
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EURUSD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
FOMC announcement decided the fade of Euro by defending PWC and led to an all out short squeeze. Surprise swing points to Y+3 in play. Closed the week above Y+2 and near week high.
Outlook
Just like last few times even though we know ultimately euro will be going down, the short side is just way too crowded. So Euro will bid its time and form another swing top again in a few weeks before resuming its down trend on monthly.
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