Trading Edges That Last
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Lawrence's Comment Recap Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. ...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 MORELawrence's Comment Recap Cable found support at Y-0 and eventually challenged Y+1 and then the break down crime scene I mentioned last week. Thatès all it can do and the selloff started. ...READ MOREGBPUSD Dec 01 to Dec 05 OutlookUSDJPY Nov 27 to Dec 01 OutlookPrecog Vision – Forex 2014-3-20Precog Vision – Forex 2023-5-2Weekly Cycle Projection (EURUSD) 2021-05-17EURUSD Mar 20 to Mar 24 OutlookPrecog Vision – Forex 2015-5-13Hot n Cold (EURUSD) 2017-8-253DP Odds Table (EURUSD) 2017-05-08GBPUSD Nov 23 to Nov 27 Outlook
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EURUSD Mar 10 to Mar 14 Outlook
Lawrence’s Comment
My comments for euro last week did not show up properly. What I was looking for was normal breakout follow through since last week was outside week with close above the range of the week before.
Anyway, strong pullback to Y-0 first holding the zone. Then the usual stupidity from ECB and EU led to an all out squeeze up again to tag Y+1. Euro could not stop until hitting Y+2. Closed the week above Y+1 and midpoint.
Outlook
This 2nd squeeze up created a void that has to be filled. As long as B+1 is acting as resistance, euro will have to backfill the zone down to B-0 and slightly below.
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