Trading Edges That Last
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Lawrence's Comment Recap Euro drifted up exactly as expected and tagged Y-0 before turning down sharply. Closed near Y-1 with 50% range of prior week. Outlook A break of B-1 will likely ...READ MOREPrecog Vision – Forex 2015-4-1Precog Vision – Forex 2015-12-10Intraday Cycle Projection (EURUSD) 2011-05-303DP Odds Table (EURUSD) 2018-07-273DP Odds Table (EURUSD) 2013-10-16USDCAD Aug 22 to Aug 26 OutlookUSDCAD Jan 24 to Jan 28 OutlookEURUSD Apr 16 to Apr 20 OutlookNasdaq 100 Aug 19 to Aug 23 OutlookHot n Cold (EURUSD) 2012-8-28
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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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