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Lawrence's Comment Recap Y-0 acted as resistance at the start of the week, gave us the decisive break of Y-1 and dropped down to target Y-3. This is the easiest play for ...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 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 MOREDow 30 Dec 09 to Dec 13 Outlook3DP Odds Table (EURUSD) 2016-07-20Hot n Cold (EURUSD) 2021-12-17Intraday Cycle Projection (EURUSD) 2019-01-29Weekly Cycle Projection (EURUSD) 2016-09-26Precog Vision – Forex 2018-9-10Precog Vision – Forex 2016-4-63DP Odds Table (EURUSD) 2021-10-28Intraday Cycle Projection (EURUSD) 2011-09-093DP Odds Table (EURUSD) 2021-08-06
As Featured In
EURUSD Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Pulled back to Y-0 and bounced right off. Retested Y+1 and consolidating around it. Closed the week near Y+1 and above midpoint.
Outlook
The pullback and then the retest were picture perfect standard moves. At the end of the week, however, it is getting difficult to read. Both Euro zone and US are in political fights again. News from both sides are pulling euro in two different directions. i.e. bad news from the PIIGS sending euro down while US fiscal cliff talks pushing it back up.
Pure chart pattern suggests another push against B+1 first. If that fails to hold above B+1, or that euro simply slides down below B-0, will look for a retest of B-2.
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