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Lawrence's Comment Recap Reacted at breakout upper boundary, sent Aussie back to Y-0. Y-0 acted as support, moved back up to Y+1. Closed the week below Y+1 and above midpoint. Outlook As long as ...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 MORE3DP Odds Table (EURUSD) 2012-04-16USDCAD Jun 12 to Jun 16 OutlookAUDUSD Mar 24 to Mar 28 OutlookNasdaq 100 Dec 06 to Dec 10 OutlookHot n Cold (EURUSD) 2012-11-16USDCAD Nov 13 to Nov 17 Outlook3DP Odds Table (EURUSD) 2015-02-10Intraday Cycle Projection (EURUSD) 2014-06-17Precog Vision – Forex 2019-10-7Precog Vision – Forex 2020-9-1
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EURUSD May 16 to May 20 Outlook
Comparing to GBP, euro had a more difficult selloff. It took better half of the week to make an attempt to test Y-1 and finally sold off to almost Y-2.
Outlook
Euro is resisting the selloff. Trend buy players are stepping in to support 1.42, 1.41, and 1.40 levels. Thus the price movement this week will likely be a mess. Would prefer to wait for the moving average crowds to finish their fights here first.
As long as Y-1 to B+1 acts as resistance, the down trend on 4 hours is intact.
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