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Lawrence's Comment Recap Bounced from Y-1 first but failed to go much higher as euro failed to go much further above Y-0. 3 pushes up ended the rally and by the ...READ MORELawrence's Comment Recap Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. ...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 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 MOREUSDCAD May 09 to May 13 Outlook3DP Odds Table (EURUSD) 2023-03-133DP Odds Table (EURUSD) 2015-05-27EURUSD Oct 03 to Oct 07 OutlookS&P 500 Sep 15 to Sep 19 OutlookPrecog Vision – Forex 2018-4-2Intraday Cycle Projection (EURUSD) 2015-06-05Precog Vision – Forex 2014-8-19Precog Vision – Forex 2019-10-7Precog Vision – Forex 2015-11-11
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EURUSD May 14 to May 18 Outlook
Lawrence’s Comment
Tagging Y-2 in the beginning of the week confirmed our bearish view. Pullback failed to go above Y-1 leading to a push down to Y-3. Closed the week near its low and Y-3.
Outlook
Euro finally forced to tag this zone that was protected for several months. Acceptance at this zone points to further weaknesses down the road.
Next week, however, can drift higher if short term sellers are exhausted. A quick run up breaking above B-0 points to a short squeeze play with B+2 target.
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