Recap Tagged Y-2 as expected. Then came the empty promises from various officials in Europe. Short squeeze all the way. Closed the week near week high.
Outlook Same old empty promises strike again. Popped euro higher and other risk assets as well. We all know it will not last.
For now, however, just play along. As long as B-0 acting as support, Euro can go higher.
Lawrence's Comment
Recap
ES found support at previous week close and zoomed to Y+2 right above 3 pushes down target. Strong reaction to Y+2 sent ES back down to Y+1. Closed the ...
Lawrence's Comment
Recap
Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below ...
For 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 schedule
Lawrence's Comment
Recap
Dow elected to go higher and cleared the neckline as mentioned last week. This led to short squueze action as predicted by custom breadth forecast. Closed the week above ...
EURUSD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
Tagged Y-2 as expected. Then came the empty promises from various officials in Europe. Short squeeze all the way. Closed the week near week high.
Outlook
Same old empty promises strike again. Popped euro higher and other risk assets as well. We all know it will not last.
For now, however, just play along. As long as B-0 acting as support, Euro can go higher.
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