Trading Edges That Last
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Lawrence's Comment Recap Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced ...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 MOREPrecog Vision – Forex 2021-11-4Precog Vision – Forex 2023-4-17EURUSD Mar 20 to Mar 24 OutlookDow 30 Sep 28 to Oct 02 OutlookPrecog Vision – Forex 2021-12-27Precog Vision – Forex 2022-7-28Intraday Cycle Projection (EURUSD) 2012-10-23AUDUSD Feb 11 to Feb 15 OutlookUSDCAD May 04 to May 08 OutlookPrecog Vision – Forex 2015-4-8
As Featured In
EURUSD Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Euro blasted through 1.14 level and triggered a squeeze. 1.17 monthly resistance was tagged and rejected. Euro then fall straight back down to Y+1. Y+2 resistance gave us a clean drop to Y-0. Closed the week near Y-0 and week low.
Outlook
FBO against both monthly and weekly resistance above is bearish. Y+1 / B-0 now very strong resistance until proven otherwise. Likely continuation of long term decline.
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