Trading Edges That Last
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Lawrence's Comment Recap Ninja took off as expected. All the way pushing near 1.06 target too until stopped by Y+5. Closed the week above Y+3 and near midpoint. Outlook 200% range expansion with 2nd ...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 Jan 23 to Jan 27 OutlookPrecog Vision – Forex 2012-9-10USDJPY Sep 08 to Sep 12 OutlookWeekly Cycle Projection (EURUSD) 2015-08-103DP Odds Table (EURUSD) 2020-11-23GBPUSD Jul 06 to Jul 10 OutlookHot n Cold (EURUSD) 2011-7-20Precog Vision – Forex 2017-8-16Intraday Cycle Projection (EURUSD) 2012-09-133DP Odds Table (EURUSD) 2013-06-27
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EURUSD Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Greece referendum turns out to be a non-event. Euro flushed lower but SNB intervened. Y-1 turned into support after Y-0 was tagged. This setup led to a rally back up until 100% range expansion was reached. Closed the week above Y-0 and midpoint.
Outlook
Down trend on 4 hour breached with upside target of B+2 / 1.14 area. Is it the swing low for Euro on weekly, probably not. Do not confuse volatility as strength just like the week before the last.
B-0 now support with Y+1 in play due to FBO against Y-1.
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