Trading Edges That Last
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Lawrence's Comment Recap Downside 2200 target tagged. Then failed to hold and break lower to next support zone around 2150. Closed the week at the low of the week. Outlook Given the momentum ...READ MORELawrence's Comment Recap Pullback deeper than originally thought. Y-1 acted as support still and ralled all the way to Y+1 target. Closed the week near week high. Outlook Aussie did not close ...READ MORELawrence's Comment Recap Y-0 support as expected and sent NQ up to near Y+1. NQ failed to clear the former support zone, forced it back down to test Y-0. Fed minutes released ...READ MOREPrecog Vision – Forex 2020-8-43DP Odds Table (EURUSD) 2023-03-20Nasdaq 100 Dec 05 to Dec 09 OutlookNasdaq 100 Nov 28 to Dec 02 OutlookUSDCAD Oct 31 to Nov 04 OutlookS&P 500 Sep 18 to Sep 22 OutlookAUDUSD Jul 30 to Aug 03 OutlookHot n Cold (EURUSD) 2012-4-27Intraday Cycle Projection (EURUSD) 2011-09-06Nasdaq 100 Aug 24 to Aug 28 Outlook
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EURUSD Dec 19 to Dec 23 Outlook
Lawrence’s Comment
The moment Y-1 failed to support euro, I posted in our real-time chat that it is heading for 1.30. We got that 2 days later. euro did the 200% absolute range expansion and bounced a little since then. Closed the week below Y-3.
Outlook
Euro zone is facing its biggest crisis since 2008. News shock was flying everywhere last Friday. Opinions all negative. Thus expecting some kind of sell climax to materialize if the European leaders failed to come up with something to stop the panic.
Sell climax target is current year low, below 1.29.
If any solution or sign of solution shows up, euro can zoom back up to B-0 and even B+1 in no time.
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