Trading Edges That Last
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Lawrence's Comment Recap Comparing to S&P, Dow dropped more significantly and displayed weaker price action all week. Of course, we now know JPM was the reason. Outlook Similar to S&P, Dow ...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 MOREUSDCAD Mar 15 to Mar 19 OutlookIntraday Cycle Projection (EURUSD) 2017-04-243DP Odds Table (EURUSD) 2016-12-20Dow 30 May 14 to May 18 OutlookWeekly Cycle Projection (EURUSD) 2022-09-26Intraday Cycle Projection (EURUSD) 2013-07-04Precog Vision – Forex 2014-11-263DP Odds Table (EURUSD) 2013-11-26Intraday Cycle Projection (EURUSD) 2016-10-243DP Odds Table (EURUSD) 2020-10-12
As Featured In
EURUSD Nov 26 to Nov 30 Outlook
Lawrence’s Comment
Y-0 acted as support since the start of the week and a spike down from Y+1 failed to clear that resulting in a very powerful short squeeze. Y+3 cleared by Friday when trading was very thin due to Thanksgiving holiday. Closed the week near week high above Y+3.
Outlook
As suspected in past 2 weeks, 1.26 is so critical that it is defended with all out news on deals after deals to delay the inevitable. This week if euro fails to close above B-0, it will be a confirmed FBO and we will get a quick flush back down to B-2 in weeks to follow.
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