Trading Edges That Last
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Lawrence's Comment Recap 2300 turned into resistance. Dropped quickly to Y-3 area as expected. Closed the week below Y-2. Outlook Option expiration week is over. This week the bias is in general ...READ MOREFeb 13th, 2016 Special Update on S&P, Euro and Gold. In the February issue of MBO, I correctly predicted that Euro will not be able to go ...READ MORE3DP Odds Table (EURUSD) 2017-02-22Intraday Cycle Projection (EURUSD) 2022-12-193DP Odds Table (EURUSD) 2015-06-053DP Odds Table (EURUSD) 2020-10-26Precog Vision – Forex 2020-8-19Hot n Cold (EURUSD) 2012-11-8GBPUSD Jan 02 to Jan 06 OutlookNasdaq 100 Dec 19 to Dec 23 OutlookWeekly Cycle Projection (EURUSD) 2012-06-04MBO Issue 50 (Feb 2016) Special Update
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EURUSD Jun 17 to Jun 21 Outlook
Lawrence’s Comment
Euro drifted higher around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Completely artificial rally since 3 weeks ago by empty promises from ECB. A tight up channel is visible on 4 hours and 8 hours.
Rallied like cable and keep extending to the upside in a well defined structure cannot continue for a long time. Expects quick snapback down to B-2 once the up channel support line is broken.
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