Trading Edges That Last
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Lawrence's Comment Recap Gapped above Y+1 to start the week but failed to hold above. As a result, a quick rush down to Y-0 and in turn opened the door to Y-1. ...READ MOREAUDUSD Feb 21 to Feb 25 OutlookUSDCAD Feb 27 to Mar 03 OutlookIntraday Cycle Projection (EURUSD) 2012-08-21Precog Vision – Forex 2022-9-12Precog Vision – Forex 2017-8-23Weekly Cycle Projection (EURUSD) 2013-07-293DP Odds Table (EURUSD) 2015-04-07Dow 30 Jun 16 to Jun 20 OutlookHot n Cold (EURUSD) 2014-10-31Hot n Cold (EURUSD) 2013-2-22
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EURUSD Jun 15 to Jun 19 Outlook
Lawrence’s Comment
Above 1.12 resistance continues to cap the upside for euro. Test of Y+1 dropped euro back down to below 1.12 quickly. Closed the week above Y-0 and midpoint.
Outlook
Euro staying strong on the “can kicking down the road” script. Now that another day is set on June 30, this will lead to compression in euro in coming 2 weeks. FOB upside against Y+1 / B+1 can zoom euro up to B+2 / 1.15 area with a quick drop back down to below B+1 is possible.
Not the best time to trade euro.
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