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Lawrence's Comment Recap Breakout upside right from the start of the week met with news shock sending the pair back to Y-0. Y-0 acted as support and closed the week ...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 MORELawrence's Comment Recap Test of Y+1 failed, giving us Y-1 downside target. Reacted to Y-0 but failed to go higher. Y-1 downside target tagged by the end of the week. Closed the ...READ MORELawrence's Comment Recap Consolidation around Y+1 / previous week close area. Bounded within 50% previous week range. Closed the week at Y+1 and above midpoint. Outlook Fought very hard to hold the Y+1 level ...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 MOREUSDJPY Mar 05 to Mar 09 OutlookPrecog Vision – Forex 2018-3-27GBPUSD Dec 16 to Dec 20 OutlookWeekly Cycle Projection (EURUSD) 2022-11-21Weekly Cycle Projection (EURUSD) 2013-09-09AUDUSD Oct 14 to Oct 18 OutlookPrecog Vision – Forex 2015-2-2Intraday Cycle Projection (EURUSD) 2022-12-14S&P 500 Jan 21 to Jan 25 OutlookPrecog Vision – Forex 2012-3-16
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EURUSD May 30 to Jun 03 Outlook
Lawrence’s Comment
Y-1 tagged early in the week as expected. The sharp reversal scenario happened to Cable instead of Euro. Nonetheless, Euro closed at the high of the week tagging Y+1.
Outlook
Less bullish comparing to Cable, euro will have to prove itself first by breaking above Y+1 to break its downtrend.
A pullback to B-0 is likely and it will be wait and see scenario there.
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