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ContentReviewEuro Down Channel BreakoutS&P Correction Has BegunGold Reached Short Term Upper TargetBig Picture SummaryReviewEuro test of 2019 year low as expected. The surprise is that it staged a very serious ...READ MORELawrence's Comment Recap Instead of testing Y-1 first, ninja opted for test of Y-0 zone resistance first. That forced a drop in ninja back down to Y-1 later in the week. Closed ...READ MOREAUDUSD Nov 14 to Nov 18 OutlookMBO Issue 99 (Mar 2020) Time to Reform3DP Odds Table (EURUSD) 2017-03-22USDJPY Apr 16 to Apr 20 OutlookHot n Cold (EURUSD) 2019-9-13Weekly Cycle Projection (EURUSD) 2012-03-05USDJPY Jul 21 to Jul 25 Outlook3DP Odds Table (EURUSD) 2019-02-08S&P 500 Jul 19 to Jul 23 OutlookS&P 500 Sep 18 to Sep 22 Outlook
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EURUSD May 27 to May 31 Outlook
Lawrence’s Comment
Euro held the close from the week before last and drifted up slowly. It cleared Y-0 and tried to zoom higher. Then the news shock came and sent it all the way back down to week low. Still refused to go lower, Euro rallied back up to week high again. Closed the week above midpoint and Y-0.
Outlook
Inside week with Y-0 and B-0 near each other. Clearly compression in progress. Breakout play in the making. Since euro was trending down, it favours a push down to Y-1 first. A break of Y-1 points to B-2 and below quickly. Holding Y-1 can lead to potential whiplash move back to Y+1.
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