Trading Edges That Last
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Lawrence's Comment Recap Aussie held Y-1 and took out Y+1 quickly. This opened the door to Y+2. Y+1 acted as support. Closed the week above Y+1 and midpoint. Outlook As I pointed ...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 held above Y-0 all week and then news shock / rumors late in the week sending it above Y+1. Closed the week below Y+1 and near ...READ MOREPrecog Vision – Forex 2014-4-2Nasdaq 100 Oct 24 to Oct 28 Outlook3DP Odds Table (EURUSD) 2019-07-03AUDUSD Dec 07 to Dec 11 OutlookPrecog Vision – Forex 2011-3-243DP Odds Table (EURUSD) 2023-01-13Dow 30 Mar 05 to Mar 09 OutlookIntraday Cycle Projection (EURUSD) 2012-09-06Dow 30 Dec 26 to Dec 30 OutlookEURUSD Sep 03 to Sep 07 Outlook
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Lawrence’s Comment
Strong breakout above 1.33 did not happen. Instead, a w. upthrust against Y+1 happened early in the week. That put Y-0 and Y-1 into play. Closed the week at Y-1.
Outlook
As mentioned last week, if euro can break Y-0 decisively, Y-2 is the target. That should be the target for early next week as euro ran out of time this week.
From Y-2 a bounce to Y-1 is likely if the selloff is not a strong one.
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