Trading Edges That Last
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Lawrence's Comment Recap Spent most part of the week above Y-0 and right below Y+1 but failed to make a push above Y+1. Then the pair simply dropped through Y-0 as if ...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 MOREIntraday Cycle Projection (EURUSD) 2012-09-07Precog Vision – Forex 2017-3-223DP Odds Table (EURUSD) 2013-08-14Intraday Cycle Projection (EURUSD) 2018-03-023DP Odds Table (EURUSD) 2013-11-21Intraday Cycle Projection (EURUSD) 2017-02-06USDCAD Apr 29 to May 03 OutlookPrecog Vision – Forex 2017-11-2Nasdaq 100 Feb 05 to Feb 09 Outlook3DP Odds Table (EURUSD) 2021-07-09
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EURUSD Oct 21 to Oct 25 Outlook
Lawrence’s Comment
Euro tagged Y-1 and then rejected it on a retest, giving us the Y+1 target as mentioned last week. Euro zoomed through Y+1 and Y+2 quickly. Closed the week above Y+2 and midpoint.
Outlook
Difficult call here. It was easy to tell from chart pattern that we would get both Y-1 and Y+1 last week. Now that euro zoomed to its higher timeframe resistance, we need more information before we can tell if it is the usual fake out like the past few years or that euro is really on track for a run to another new high.
On chart pattern bias, a consolidation below Y+3 is likely this week.
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