Trading Edges That Last
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Lawrence's Comment Recap The interesting scenario mentioned last week has unfolded. Closed the week below midpoint. Outlook A break of B-1 and closing the week below that implies a w. upthrust on weekly ...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 MOREIntraday Cycle Projection (EURUSD) 2017-02-02Intraday Cycle Projection (EURUSD) 2014-10-023DP Odds Table (EURUSD) 2022-05-183DP Odds Table (EURUSD) 2016-04-18GBPUSD Apr 18 to Apr 22 Outlook3DP Odds Table (EURUSD) 2014-10-09Precog Vision – Forex 2018-10-153DP Odds Table (EURUSD) 2021-03-083DP Odds Table (EURUSD) 2014-01-23Intraday Cycle Projection (EURUSD) 2019-02-26
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EURUSD May 23 to May 27 Outlook
Lawrence’s Comment
The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down to previous week close.
Outlook
B-1 should be tested early in the week. B-2 is likely. B-3 is also in play.
A rare scenario can happen if some kind of news shock (or intervention) happening next week – if B+1 is taken out on a shock, B+3 is the first price level where the run can pause.
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