Trading Edges That Last
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Lawrence's Comment Recap More downside as expected with Y-0 acting as resistance. Cable pushed towards Y-3 target and held up at 1.28 round number. Closed the week near Y-2 and below 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 MORES&P 500 Jun 08 to Jun 12 Outlook3DP Odds Table (EURUSD) 2014-03-04Precog Vision – Forex 2014-9-183DP Odds Table (EURUSD) 2022-02-16GBPUSD Jul 11 to Jul 15 OutlookUSDCAD Jan 24 to Jan 28 OutlookUSDCAD Jul 31 to Aug 04 OutlookPrecog Vision – Forex 2022-10-21Hot n Cold (EURUSD) 2020-6-5EURUSD May 10 to May 14 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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