Trading Edges That Last
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Lawrence's Comment Recap Cable followed its peers and dropped. Found support at Y-2 and paused. Closed the week below Y-1 and midpoint. Outlook 1.50 key psychological level breached. Cable must snap back ...READ MORE3DP Odds Table (EURUSD) 2019-06-24Intraday Cycle Projection (EURUSD) 2013-09-033DP Odds Table (EURUSD) 2017-05-31Hot n Cold (EURUSD) 2014-1-10Precog Vision – Forex 2017-9-1GBPUSD Apr 11 to Apr 15 Outlook3DP Odds Table (EURUSD) 2020-08-24USDCAD Nov 07 to Nov 11 OutlookGBPUSD Jan 26 to Jan 30 OutlookHot n Cold (EURUSD) 2015-8-14
As Featured In
EURUSD May 14 to May 18 Outlook
Lawrence’s Comment
Tagging Y-2 in the beginning of the week confirmed our bearish view. Pullback failed to go above Y-1 leading to a push down to Y-3. Closed the week near its low and Y-3.
Outlook
Euro finally forced to tag this zone that was protected for several months. Acceptance at this zone points to further weaknesses down the road.
Next week, however, can drift higher if short term sellers are exhausted. A quick run up breaking above B-0 points to a short squeeze play with B+2 target.
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