Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Y-0 resistance sent Euro lower. Y-1 not strong support as explained last time. Euro found support after 100% absolute range expansion to the down side. Strong bounce back up ...READ MOREIntraday Cycle Projection (EURUSD) 2013-07-10GBPUSD Jan 30 to Feb 03 Outlook3DP Odds Table (EURUSD) 2021-02-12Nasdaq 100 Dec 17 to Dec 21 OutlookAUDUSD Apr 04 to Apr 08 OutlookIntraday Cycle Projection (EURUSD) 2012-04-19GBPUSD Jul 04 to Jul 08 OutlookIntraday Cycle Projection (EURUSD) 2013-03-27EURUSD Nov 23 to Nov 27 Outlook3DP Odds Table (EURUSD) 2013-12-18
As Featured In
EURUSD Jan 16 to Jan 20 Outlook
Lawrence’s Comment
Tried to pull off a bounce from Y-1 but stalled right at the resistance we mentioned last week and dropped to new low. Closed the week below Y-1.
Outlook
Intervention (sort of) by ECB and European officials earlier in the week proven useless.
The target 1.25 area mentioned last week is still in play. Early part of next week can be a roller coaster ride down to 1.25 and it is possible that euro can bounce all the way back up by end of the week.
Share