Trading Edges That Last
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Lawrence's Comment Recap No pullback. Just a pause below Y+1 and then popped higher. Closed the week above Y+1 and near week high. Outlook As mentioned last week, as long as there is no ...READ MORELawrence's Comment Recap NQ zoomed higher to Y-0 and held there for the FOMC announcement. That alone opened the door to Y+1. Post announcement, NQ immediately tagged the target and by op-ex ...READ MOREHot n Cold (EURUSD) 2014-2-14Intraday Cycle Projection (EURUSD) 2015-04-21Precog Vision – Forex 2016-10-24Intraday Cycle Projection (EURUSD) 2013-05-24Dow 30 Aug 07 to Aug 11 OutlookAUDUSD Mar 25 to Mar 29 OutlookHot n Cold (EURUSD) 2015-11-6Weekly Cycle Projection (EURUSD) 2022-05-23Nasdaq 100 Mar 23 to Mar 27 Outlook3DP Odds Table (EURUSD) 2012-02-23
As Featured In
EURUSD Jan 16 to Jan 20 Outlook
Lawrence’s Comment
Tried to pull off a bounce from Y-1 but stalled right at the resistance we mentioned last week and dropped to new low. Closed the week below Y-1.
Outlook
Intervention (sort of) by ECB and European officials earlier in the week proven useless.
The target 1.25 area mentioned last week is still in play. Early part of next week can be a roller coaster ride down to 1.25 and it is possible that euro can bounce all the way back up by end of the week.
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