Trading Edges That Last
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Lawrence's Comment Recap Y-1 / Y-0 zone defended early in the week points to a test of Y+1 coming. Y+1 cleared with ease and ended the daily down trend. Normal upside target ...READ MOREFor more information about this report please refer to the Market Bias Informant page Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREPrecog Vision – Forex 2019-10-73DP Odds Table (EURUSD) 2021-11-16Precog Vision – Forex 2014-9-10Hot n Cold (EURUSD) 2015-4-10Intraday Cycle Projection (EURUSD) 2020-05-013DP Odds Table (EURUSD) 2017-02-27GBPUSD Jun 15 to Jun 19 OutlookIntraday Cycle Projection (EURUSD) 2011-09-20Precog Vision – Forex 2012-12-5Intraday Cycle Projection (EURUSD) 2016-02-29
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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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