Trading Edges That Last
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Lawrence's Comment Recap Euro held the close from the week before last and drifted up slowly. It cleared Y-0 and tried to zoom higher. Then the news shock came and sent it ...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 MORELawrence's Comment Recap Failed to break above previous week close right from the start led to a flush to Y-2 before a bounce can happen. The bounce failed to go ...READ MORE3DP Odds Table (EURUSD) 2015-07-29Intraday Cycle Projection (EURUSD) 2012-03-20EURUSD May 27 to May 31 OutlookPrecog Vision – Forex 2018-11-22Intraday Cycle Projection (EURUSD) 2018-05-28Precog Vision – Forex 2021-5-5Precog Vision – Forex 2016-3-25USDJPY Jul 23 to Jul 27 OutlookUSDJPY Aug 02 to Aug 06 OutlookAUDUSD Oct 02 to Oct 06 Outlook
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EURUSD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
No further sell off, just jawboning from ECB and Fed to pop the pair. It is expected and obviously has been sold into at Y-0. Closed the week above midpoint and Y-1.
Outlook
Although Y-0 has been rejected, it does not mean that ECB will give up shocking the market again. Having euro drops to nothing has been the hidden agenda of ECB but it has been crippled by the actions from Fed.
The current situation is giving ECB the perfect excuse to let euro slides down to 1.3 or lower price level.
The only thing standing between that from happening is Fed. Since both ECB and Fed are going to be busy this week (meetings, announcements, etc.) it is not a good idea to stand between these two opposite forces. Stay away from the pair is probably a good idea.
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