Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap No further sell off, just jawboning from ECB and Fed to pop the pair. It is expected and obviously has been sold into at Y-0. Closed the week ...READ MOREContent Review Euro at Very Interesting Juncture S&P Summer Updrift Begins Gold in Trouble ...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 2023-4-25Precog Vision – Forex 2019-10-7EURUSD Sep 19 to Sep 23 Outlook3DP Odds Table (EURUSD) 2023-01-06USDCAD Nov 07 to Nov 11 OutlookMBO Issue 79 (Jul 2018) Climbing a WallIntraday Cycle Projection (EURUSD) 2017-12-063DP Odds Table (EURUSD) 2019-08-26Precog Vision – Forex 2018-1-313DP Odds Table (EURUSD) 2018-11-20
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.
Share