Trading Edges That Last
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Lawrence's Comment Recap Violent reactions to hold onto the uptrend after breach of Y-1 has failed as the resistance zone above was rejected decisively. That opened the door to Y-1 again and ...READ MORELawrence's Comment Recap Euro bounced off Y-1 back to Y-0 / 1.10 long term support which is now strong resistance. Closed the week below Y-0 and above midpoint. Outlook Euro daily level ...READ MORELawrence's Comment Recap Going higher as expected. Consolidated around Y+1 at 50% previous week range. Zoomed up to upside target of Y+2 by end of week. Closed the week near ...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 MORE3DP Odds Table (EURUSD) 2020-10-133DP Odds Table (EURUSD) 2016-01-11Precog Vision – Forex 2020-9-22EURUSD Oct 14 to Oct 18 OutlookGBPUSD Jul 21 to Jul 25 OutlookIntraday Cycle Projection (EURUSD) 2015-01-30EURUSD Jul 27 to Jul 31 OutlookNasdaq 100 Aug 06 to Aug 10 OutlookIntraday Cycle Projection (EURUSD) 2015-01-13Precog Vision – Forex 2018-9-6
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EURUSD Oct 17 to Oct 21 Outlook
Lawrence’s Comment
Multiple news shock since the beginning of the week has sent euro higher all week. The normal range expansion target of Y+3 was tagged by the close of the week.
Outlook
Pullback or consolidation is expected. News shock from last week are totally rumors in nature and nothing of any substance. Thus once any one of the persisting problems in euro zone resurface, this rally will be over.
Euro has returned to where the break down started (1.385 to 1.40 area) and if size players determine to stay away from euro in exchange for other currencies, a longer term lower high will be formed from here and much lower price level in euro is expected.
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