Trading Edges That Last
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Lawrence's Comment Recap Dow gapped higher on news related to Brexit. News driven market all the way right up to Brexit. Brexit led to gap down on Friday to Y-1 and sparked ...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 MORELawrence's Comment Recap Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint. Outlook The drop ...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 MORE3DP Odds Table (EURUSD) 2016-01-01Precog Vision – Forex 2022-4-13Weekly Cycle Projection (EURUSD) 2012-12-17Dow 30 Jun 27 to Jul 01 OutlookPrecog Vision – Forex 2016-8-8Nasdaq 100 Mar 19 to Mar 23 OutlookEURUSD Nov 03 to Nov 07 OutlookIntraday Cycle Projection (EURUSD) 2018-02-12Hot n Cold (EURUSD) 2020-10-30Precog Vision – Forex 2018-11-5
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EURUSD May 06 to May 10 Outlook
Lawrence’s Comment
Reaction at Y+1 gave us the setup for a 1-2-3 long breakout upside setup. Normal breakout target of Y+3 was reached. euro pullback to Y+2 but failed to hold there. Euro flushed back down to Y-0 below it can find support. Closed the week below midpoint and above Y+1.
Outlook
Upside breakout closing above Y+1 points to strength. Euro can easily move back up to retest B+1 this week. A break of B-1 will give us B-2.
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