Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, a bounce from Y-1 was expected but it failed to tag Y+1. Closed the week below midpoint and Y-0. Outlook B-2 is next downside target. The less ...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 MOREPrecog Vision – Forex 2011-4-28S&P 500 Jun 08 to Jun 12 OutlookUSDCAD Apr 18 to Apr 22 Outlook3DP Odds Table (EURUSD) 2022-07-21Hot n Cold (EURUSD) 2012-1-63DP Odds Table (EURUSD) 2019-10-07Precog Vision – Forex 2022-5-9AUDUSD Mar 19 to Mar 23 OutlookPrecog Vision – Forex 2019-9-103DP Odds Table (EURUSD) 2012-12-12
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EURUSD Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint.
Outlook
The drop in euro is affected by both ECB jawboning and BOJ action. It is lack of volume that dropped euro lower. If Euro can hold B-1 next week a run back up to above B-0 is likely.
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