Trading Edges That Last
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Lawrence's Comment Recap The chance to even test Y-1 was not there. NQ simply rejected Y-1 and zoomed back above Y-0. That paved way to Y+1 within the week. Continued to struggle ...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 2022-8-163DP Odds Table (EURUSD) 2015-05-113DP Odds Table (EURUSD) 2015-02-16Weekly Cycle Projection (EURUSD) 2022-06-20Nasdaq 100 Feb 04 to Feb 08 OutlookPrecog Vision – Forex 2013-8-23DP Odds Table (EURUSD) 2019-09-04Intraday Cycle Projection (EURUSD) 2012-11-14Precog Vision – Forex 2014-1-23Hot n Cold (EURUSD) 2011-9-9
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EURUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
As expected, intervention or not, euro sold off from our resistance area down to below our target zone. Then range expansion to the downside until Y-4 is tagged. One of the best setup this year.
Outlook
B-0 upto Y-2 is now strong resistance as the downtrend is established on daily. As long as that acts as resistance, euro will go lower.
The tricky scenario, however, is that euro flushed early next week down to B-2 to B-3 first and then bounced back up quickly above B-1. That can force a short cover rally to break above B-0 area and challenge B+1.
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