Trading Edges That Last
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Lawrence's Comment Recap Dow failed to hold above 13450, gave way to a flush to Y-1. Cleared Y-1 easily, pointing to Y-2 as the target. After tagging Y-2, Dow bounced ...READ MOREPrecog Vision – Forex 2018-8-1Intraday Cycle Projection (EURUSD) 2012-04-27Weekly Cycle Projection (EURUSD) 2017-03-27Precog Vision – Forex 2014-6-11Precog Vision – Forex 2019-10-7Intraday Cycle Projection (EURUSD) 2016-12-19Dow 30 Mar 23 to Mar 27 OutlookPrecog Vision – Forex 2015-12-14Precog Vision – Forex 2020-8-10Dow 30 Oct 15 to Oct 19 Outlook
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EURUSD Aug 06 to Aug 10 Outlook
Lawrence’s Comment
As mentioned last week, Y-0 would be the important support for euro to go higher. Throughout the week, Y-0 acted as support and euro zoomed higher after the empty promises were made by the officials. Then news shocks that took euro lower and breached Y-0 temporarily failed to keep euro below Y-0. Closed the week near week high and Y+1.
Outlook
Summer Games is not over yet. Light trading in all markets continue. Thus quick swings with no follow-thru is expected.
Euro can go a bit higher in consolidation mode around B+1.
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