Trading Edges That Last
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Lawrence's Comment Recap Euro bounced higher from Y-1 but failed to clear Y-0 the strong resistance zone. That opened the door to a flush down to Y-3. Euro reacted to the 1.27 ...READ MORELawrence's Comment Recap Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low. Outlook Short term support ...READ MORELawrence's Comment Recap Just like Aussie, Loonie consolidated around Y-1 until Fed announcement. Then Loonie jumped with gold. After Y-3 was tagged strong reaction was resulted. Closed the week at Y-1 and ...READ MOREPrecog Vision – Forex 2018-2-14Hot n Cold (EURUSD) 2012-9-7Dow 30 Dec 30 to Jan 03 OutlookIntraday Cycle Projection (EURUSD) 2017-05-033DP Odds Table (EURUSD) 2020-11-04EURUSD Sep 29 to Oct 03 OutlookGBPUSD Jan 18 to Jan 22 Outlook3DP Odds Table (EURUSD) 2013-01-11USDCAD Sep 23 to Sep 27 OutlookIntraday Cycle Projection (EURUSD) 2011-06-24
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EURUSD Jul 23 to Jul 27 Outlook
Lawrence’s Comment
I was talking about sudden wild swings last week and we got that everyday last week. Every day during european session euro drifted lower yet by US session euro popped higher quickly. By Friday however the magic was gone when banks from Spain started feeding out bad news. Closed the week below Y-1 and near week low.
Outlook
No one, including ECB, EU and Fed, has provided a reason for anyone to buy euro. As no one sees any signs of stregnth in euro, the selloff on Friday is expected. Big question is how far will euro drop before finding a floor.
As long as B-0 acts as resistance, B-2 to B-3 is likely early next week.
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