Trading Edges That Last
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Lawrence's Comment Recap Less likely scenario occurred in beginning of the week. Downside target Y-2 tagged. Bounced right off target. Y-1 failed to hold it down. By end of the ...READ MORELawrence's Comment Recap As mentioned last week, there is limited upside potential and that is exactly what happened. Dow failed to push higher and thru multiple volatile swings, it traded ...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 MOREPrecog Vision – Forex 2020-8-10USDCAD May 13 to May 17 OutlookS&P 500 Mar 12 to Mar 16 Outlook3DP Odds Table (EURUSD) 2014-05-27Dow 30 Jan 16 to Jan 20 OutlookS&P 500 Feb 19 to Feb 23 OutlookGBPUSD Sep 02 to Sep 06 OutlookHot n Cold (EURUSD) 2020-4-24Precog Vision – Forex 2018-5-18Precog Vision – Forex 2014-7-30
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EURUSD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Reversal expectation played out. Euro rejected Y-1 and zoomed above Y+1 right after FOMC announcement. Strong reaction above Y+1. Closed the week above Y-0 and midpoint.
Outlook
Although euro snapped out of its down trend, it still has to deal with trapped long from above 1.09. This means even though a short term bottom is in place, there is still likely shake out move pressing euro back down to below Y-0 or even retesting Y-1 before Euro can go higher.
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