Trading Edges That Last
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Lawrence's Comment Recap Y-1 support consolidation created a breakout play. Breaking above led to a surge to measured move target above Y+1. Closed the week above Y+1 and near week high. Outlook 2nd push ...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 MOREPrecog Vision – Forex 2021-2-3Precog Vision – Forex 2021-12-15USDCAD Jul 28 to Aug 01 OutlookPrecog Vision – Forex 2019-3-18Nasdaq 100 Sep 05 to Sep 09 Outlook3DP Odds Table (EURUSD) 2017-11-13Weekly Cycle Projection (EURUSD) 2014-01-273DP Odds Table (EURUSD) 2011-09-12Hot n Cold (EURUSD) 2011-5-17USDCAD Apr 27 to May 01 Outlook
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EURUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Sold off to Y-3. Bounced back up to Y-1 which acted as resistance. Ended the week below Y-1 and above midpoint.
Outlook
Unlike cable, euro sold off so hard that it could not rally above Y-1 last week. That mean even if euro rally this week into B+2, it is not likely it can take out Y+1. If Y-1 to B+1 acts as resistance, a retest of B-1 is in play.
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