Trading Edges That Last
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Lawrence's Comment Recap Ninja tried to hold previous week close early in the week. It even spiked higher but failed to stay above Y+1. FBO led to a drop to Y-0 and ...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 MORELawrence's Comment Recap Consolidation around the closing price as expected. It is within the 100% range of the week before last too. Closed the week below Y-1 and above midpoint. Outlook The ...READ MORELawrence's Comment Recap ES dropped lower initially but turned into 1-2-3 buy on 30-minute against Y-1 which gave us a go for Y-0. Y-0 was cleared and turned into support. This sent ...READ MOREPrecog Vision – Forex 2018-2-19USDJPY May 11 to May 15 OutlookPrecog Vision – Forex 2020-11-303DP Odds Table (EURUSD) 2022-01-12USDJPY Sep 01 to Sep 05 OutlookUSDCAD Jul 06 to Jul 10 OutlookS&P 500 Jun 15 to Jun 19 OutlookIntraday Cycle Projection (EURUSD) 2012-04-25GBPUSD Mar 25 to Mar 29 Outlook3DP Odds Table (EURUSD) 2022-05-23
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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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