Trading Edges That Last
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Lawrence's Comment Recap ES tight range consolidation around previous week close until Friday. Gap down to Y-1 led to breakdown move with Y-3 target tagged. Closed the week below Y-3 and near ...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 MOREIntraday Cycle Projection (EURUSD) 2017-05-17Precog Vision – Forex 2016-3-31Precog Vision – Forex 2019-8-213DP Odds Table (EURUSD) 2022-12-07One More Major Economy Jumping Onto QE InfinityPrecog Vision – Forex 2023-1-18S&P 500 Sep 12 to Sep 16 OutlookIntraday Cycle Projection (EURUSD) 2013-09-16Precog Vision – Forex 2022-5-2Intraday Cycle Projection (EURUSD) 2012-07-31
As Featured In
EURUSD Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Pulled back to Y-0 and bounced right off. Retested Y+1 and consolidating around it. Closed the week near Y+1 and above midpoint.
Outlook
The pullback and then the retest were picture perfect standard moves. At the end of the week, however, it is getting difficult to read. Both Euro zone and US are in political fights again. News from both sides are pulling euro in two different directions. i.e. bad news from the PIIGS sending euro down while US fiscal cliff talks pushing it back up.
Pure chart pattern suggests another push against B+1 first. If that fails to hold above B+1, or that euro simply slides down below B-0, will look for a retest of B-2.
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