Trading Edges That Last
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Lawrence's Comment Recap As expected, more upside resulted. Almost made it to 100% absolute range expansion. That is a very impressive push towards 13000. Outlook The rally is in melt up style implying ...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 2015-5-113DP Odds Table (EURUSD) 2020-12-02Precog Vision – Forex 2020-7-15Hot n Cold (EURUSD) 2015-9-4Intraday Cycle Projection (EURUSD) 2014-01-23Dow 30 May 02 to May 06 Outlook3DP Odds Table (EURUSD) 2013-06-073DP Odds Table (EURUSD) 2013-12-26Precog Vision – Forex 2019-9-133DP Odds Table (EURUSD) 2017-03-28
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EURUSD Jun 15 to Jun 19 Outlook
Lawrence’s Comment
Above 1.12 resistance continues to cap the upside for euro. Test of Y+1 dropped euro back down to below 1.12 quickly. Closed the week above Y-0 and midpoint.
Outlook
Euro staying strong on the “can kicking down the road” script. Now that another day is set on June 30, this will lead to compression in euro in coming 2 weeks. FOB upside against Y+1 / B+1 can zoom euro up to B+2 / 1.15 area with a quick drop back down to below B+1 is possible.
Not the best time to trade euro.
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