Trading Edges That Last
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Lawrence's Comment Recap The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged ...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 2012-10-83DP Odds Table (EURUSD) 2011-05-18GBPUSD Jan 05 to Jan 09 OutlookPrecog Vision – Forex 2021-4-1Intraday Cycle Projection (EURUSD) 2014-10-08Weekly Cycle Projection (EURUSD) 2012-01-09Intraday Cycle Projection (EURUSD) 2021-01-29Intraday Cycle Projection (EURUSD) 2022-05-273DP Odds Table (EURUSD) 2019-03-29Precog Vision – Forex 2019-5-24
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EURUSD Oct 17 to Oct 21 Outlook
Lawrence’s Comment
Multiple news shock since the beginning of the week has sent euro higher all week. The normal range expansion target of Y+3 was tagged by the close of the week.
Outlook
Pullback or consolidation is expected. News shock from last week are totally rumors in nature and nothing of any substance. Thus once any one of the persisting problems in euro zone resurface, this rally will be over.
Euro has returned to where the break down started (1.385 to 1.40 area) and if size players determine to stay away from euro in exchange for other currencies, a longer term lower high will be formed from here and much lower price level in euro is expected.
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