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Lawrence's Comment Recap Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint. Outlook B-1 ...READ MORELawrence's Comment Recap Got Y+1 early in the week. But not holding Y-0 at all as cable collapsed back down to below Y-1. Yet it did not stay below Y-1. Another push ...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 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 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 MOREEURUSD Sep 05 to Sep 09 Outlook3DP Odds Table (EURUSD) 2014-10-30Intraday Cycle Projection (EURUSD) 2017-04-07Dow 30 Jun 17 to Jun 21 OutlookGBPUSD Apr 08 to Apr 12 OutlookAUDUSD Jun 29 to Jul 03 OutlookPrecog Vision – Forex 2015-12-3Precog Vision – Forex 2014-11-27Hot n Cold (EURUSD) 2015-3-13Precog Vision – Forex 2015-4-21
As Featured In
EURUSD Jun 08 to Jun 12 Outlook
Lawrence’s Comment
Y-0 acted as support early in the week started a strong 1-2-3 buy with Y+3 target. That in turn started a reverse waterfall effect on daily squeezing the shorts upto the breakdown crime scene at 1.14 / Y+5. Closed the week near Y+2 and midpoint.
Outlook
The run up is purely reactional and has no long term implication because it ended with a close near midpoint. Above 1.12 / Y+3 is now confirmed strong resistance until proven otherwise. Most important of all, daily downtrend is not affect by the actions from last week.
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