Trading Edges That Last
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Lawrence's Comment Recap A pullback was expected and ninja dropped to Y-0 and below support area. Then its inability to clear Y-0 triggered a go for Y-1. Y-1 tagged and failed to ...READ MOREContent Review Euro Completed Its Quarterly Expansion S&P Time’s Up on Daily Expansion Gold ...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 MOREPrecog Vision – Forex 2014-6-6Precog Vision – Forex 2020-7-7Hot n Cold (EURUSD) 2017-3-3Intraday Cycle Projection (EURUSD) 2017-08-09Intraday Cycle Projection (EURUSD) 2011-07-07Weekly Cycle Projection (EURUSD) 2022-09-19Precog Vision – Forex 2017-8-18USDJPY Oct 13 to Oct 17 OutlookMBO Issue 70 (Oct 2017) Are You ReadyPrecog Vision – Forex 2019-10-7
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EURUSD Jul 15 to Jul 19 Outlook
Lawrence’s Comment
A nice surprise from last week. The counter-trend play happened and carried euro back up to my target mentioned last week quickly. The surprise was that stops were discovered and induced a squeeze up to the official allowed range top at 1.32. Euro pulled back since. Closed the week above Y-0 and midpoint.
Outlook
What ECB says obviously depends on the price level of euro at the time of the announcement or speech. It is very clear from the past few talks from their officials that they like to keep euro stable.
As a trader, I will avoid euro except when it is trading at the 1.32 and 1.28 boundaries. I mentioned this in my newsletter that this is the play until some crisis resurface again. It works out very well so far.
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