Trading Edges That Last
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Lawrence's Comment Recap One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And ...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 MOREHot n Cold (EURUSD) 2020-5-1Precog Vision – Forex 2022-7-6AUDUSD Oct 07 to Oct 11 OutlookEURUSD Dec 07 to Dec 11 OutlookPrecog Vision – Forex 2022-6-13Hot n Cold (EURUSD) 2015-12-31Precog Vision – Forex 2019-6-10AUDUSD Apr 11 to Apr 15 Outlook3DP Odds Table (EURUSD) 2017-09-22Intraday Cycle Projection (EURUSD) 2014-02-18
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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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