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Lawrence's Comment Recap Was looking for a breakout and it turned into another tight range week consolidating around Y+1. Closed the week near Y+1 and at midpoint. Outlook Potential breakout failure ...READ MORELawrence's Comment Recap Cable continued matching upward and cleared Y+2. It did not stop until 1.63 was tagged. 1-2-3 sell pushed it back down to the low of the week. Closed ...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 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 MOREHot n Cold (EURUSD) 2012-8-1GBPUSD Aug 20 to Aug 24 Outlook3DP Odds Table (EURUSD) 2020-03-26GBPUSD Dec 24 to Dec 28 Outlook3DP Odds Table (EURUSD) 2018-06-21Precog Vision – Forex 2023-2-1Precog Vision – Forex 2015-5-28Precog Vision – Forex 2017-1-4Weekly Cycle Projection (EURUSD) 2023-01-303DP Odds Table (EURUSD) 2019-05-14
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EURUSD Sep 17 to Sep 21 Outlook
Lawrence’s Comment
Uptrend intact as B-0 never challenged. Y+3 strong up move target tagged. Closed the week near Y+3 and week high.
Outlook
Euro successfully crushed the bears as Fed declared infinite QE from now on. In another words, no matter how bad european crisis is, Fed is determined to make sure the US dollar is weaker than Euro. This changes the dynamics in the currency markets completely.
This is a difficult game changing event and not everyone understand what it means going forward. A lot of confusion in coming few weeks for sure.
Historically, coming few weeks are bearish for euro and stock markets in general. Euro will be weaken and a pullback to Y+1 / B-1 is likely if this week Euro fails to push higher beyond Y+3.
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