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Lawrence's Comment Recap Bearish bias on euro pays off. Euro could not hold previous week close and fell back down to Y-0. Not much bounce was observed when euro continue to drop ...READ MORELawrence's Comment Recap Consolidation actions around Y+1 as expected. NFP did not produce a directional move outside of the consolidation range hence no range expansion play. Closed the week near Y+1 and ...READ MOREPrecog Vision – Forex 2019-6-113DP Odds Table (EURUSD) 2012-09-05AUDUSD Jun 14 to Jun 18 Outlook3DP Odds Table (EURUSD) 2018-07-16EURUSD Jun 16 to Jun 20 Outlook3DP Odds Table (EURUSD) 2018-01-03AUDUSD Mar 01 to Mar 05 OutlookIntraday Cycle Projection (EURUSD) 2021-12-16Intraday Cycle Projection (EURUSD) 2021-12-29S&P 500 Jun 06 to Jun 10 Outlook
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EURUSD Feb 27 to Mar 02 Outlook
Lawrence’s Comment
More intervention from ECB and gang in the beginning of the week forced euro to go higher as shorts are squeezed hard. Closed the week at Y+2.
Outlook
As mentioned in STOPD, whenever shock happens, the immediate target in the breakout direction will be reached. In this case it is Y+2 and 100% absolute range expansion.
That happened last week and this area is a wait and see area.
A top forming here will send euro back down to B-0 / Y+1 quickly. How euro reacts at that zone will determine if euro has broken out of the downtrend for real or it is just another false breakout on weekly.
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