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Lawrence's Comment Recap Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint. Outlook 3rd push down ...READ MORELawrence's Comment Recap Cleared Y-0, so gave us a go for a run above Y+1. Then before tagging Y+2, there came the news shock from G20. That trigger the 2nd setup mentioned ...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 MOREUnlike trading index future contracts or commodity future contracts having a steep margin requirement and higher minimum account size across the board, forex trading (and CFD trading) can be done ...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 MOREUSDJPY Oct 10 to Oct 14 OutlookUSDJPY Aug 12 to Aug 16 OutlookUSDJPY Feb 18 to Feb 22 Outlook3DP Odds Table (EURUSD) 2012-11-08Precog Vision – Forex 2018-5-28Position Sizing For Forex Traders and CFD TradersPrecog Vision – Forex 2020-12-163DP Odds Table (EURUSD) 2017-07-24Intraday Cycle Projection (EURUSD) 2013-04-053DP Odds Table (EURUSD) 2011-06-17
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EURUSD Oct 24 to Oct 28 Outlook
Lawrence’s Comment
Am correct that euro entered its resistance area from various higher timeframes. The sell off from 1.39 of 200+ pips confirm longer term players are reacting to the price level. Y-0 acted as support and sent euro back up to Y+1 area to close the week.
Outlook
Forming a double top at B+1 points to downside target at B-3.
Breaking above B+1 will send euro up to 1.40 quickly. That will take more rumor spreading by the european officials.
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