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Lawrence's Comment Recap Dow took off running higher off the European rumors on financials in the beginning of the week. Several more false rumors were spreaded to keep Dow from dropping. ...READ MORELawrence's Comment Recap Did not comment on euro last week due to technical issues with the post not added proper. Y+1 acted as resistance leading to a quick break below ...READ MORELawrence's Comment Recap Cable failed to move higher and made a new low. FOMC announcement took it back up and stop run printed a new high for the week but there was ...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 MOREDow 30 Oct 03 to Oct 07 Outlook3DP Odds Table (EURUSD) 2014-07-29Intraday Cycle Projection (EURUSD) 2022-04-18USDJPY May 23 to May 27 OutlookEURUSD Jan 09 to Jan 13 OutlookGBPUSD Dec 23 to Dec 27 OutlookDow 30 Dec 03 to Dec 07 OutlookPrecog Vision – Forex 2014-9-30USDCAD Mar 22 to Mar 26 Outlook3DP Odds Table (EURUSD) 2017-03-01
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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