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Lawrence's Comment Recap 2nd tight range week in a row waiting for the Greece / EU decision on Friday and over the weekend. Closed the week above Y-0 and near midpoint. ...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 MOREPrecog Vision – Forex 2016-7-8EURUSD Feb 23 to Feb 27 OutlookHot n Cold (EURUSD) 2012-3-23Precog Vision – Forex 2021-9-20S&P 500 Oct 18 to Oct 22 OutlookPrecog Vision – Forex 2021-7-293DP Odds Table (EURUSD) 2018-05-21Hot n Cold (EURUSD) 2012-10-173DP Odds Table (EURUSD) 2011-09-203DP Odds Table (EURUSD) 2022-08-31
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EURUSD Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Similar jawboning and again 1.35 defended in an ugly fashion. Surprise jump higher squeezed euro above Y-0 by the end of the week. Closed the week above Y-0 and midpoint.
Outlook
On weekly, euro has been in a down channel for a long time. It is now broken to the upside. If euro re-enter the channel, it will have enough fuel to flush down to way below 1.35.
Since we know that is the consequence, so do the officials in Europe. By defending B-0 at all cost, they may be able to pull off a major short squeeze sending euro back up to 1.38 and higher.
Hence B-0 is the line in the sand. Expect messy price action around it in coming 2 weeks.
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