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Lawrence's Comment Recap As expected euro strength continues. The normal consolidation of 50% previous week range also happened, this time above Y+1. Closed the week at Y+1 and below midpoint. Outlook As ...READ MORELawrence's Comment Recap First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed ...READ MORELawrence's Comment Recap ES breakout to the upside and tagged the minimal target of Y+2. Reversed from there and failed to hold Y+1 gave us Y-0. ES did not just tag Y-0. ...READ MORELawrence's Comment Recap Back to Y-0 quickly as expected. Double bottom on 30-min forced a run to previous week close. No fuel to go higher right after and dropped straight down to ...READ MOREEURUSD Dec 24 to Dec 28 OutlookEURUSD Aug 11 to Aug 15 OutlookUSDJPY Dec 14 to Dec 18 OutlookS&P 500 Nov 21 to Nov 25 OutlookGBPUSD Oct 30 to Nov 03 OutlookNasdaq 100 Nov 20 to Nov 24 OutlookS&P 500 Feb 25 to Mar 01 OutlookIntraday Cycle Projection (EURUSD) 2022-06-16Intraday Cycle Projection (EURUSD) 2017-06-05Nasdaq 100 Sep 29 to Oct 03 Outlook
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EURUSD Jan 23 to Jan 27 Outlook
Lawrence’s Comment
Warned about intervention since beginning of the year. Here we go again – some did all they can to support the low grade bonds, spreading rumors of solutions in near future.
Short squeeze all the way ended below Y+2 and closed above Y+1.
Outlook
An artificial low was made last week. Such low cannot last unless there is a second boost to the squeeze, giving reasons for some to join the long side.
A pullback to B-0 downto Y-0 will provide the opportunity. euro will have to prove itself by holding this support level and rally from there to break the down trend.
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