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Lawrence's Comment Recap ES opened around its previous week close and consolidated there. Break out immediately right after gave us a run to Y+2. Since then a pullback back down to the ...READ MORELawrence's Comment Recap ES dropped lower initially but turned into 1-2-3 buy on 30-minute against Y-1 which gave us a go for Y-0. Y-0 was cleared and turned into support. This sent ...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 MOREIntraday Cycle Projection (EURUSD) 2018-06-19Weekly Cycle Projection (EURUSD) 2018-08-27S&P 500 Feb 17 to Feb 21 OutlookDow 30 Oct 10 to Oct 14 Outlook3DP Odds Table (EURUSD) 2011-06-21S&P 500 Jun 15 to Jun 19 OutlookIntraday Cycle Projection (EURUSD) 2013-06-04Intraday Cycle Projection (EURUSD) 2012-07-19S&P 500 Dec 17 to Dec 21 OutlookPrecog Vision – Forex 2014-7-16
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EURUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
As expected, intervention or not, euro sold off from our resistance area down to below our target zone. Then range expansion to the downside until Y-4 is tagged. One of the best setup this year.
Outlook
B-0 upto Y-2 is now strong resistance as the downtrend is established on daily. As long as that acts as resistance, euro will go lower.
The tricky scenario, however, is that euro flushed early next week down to B-2 to B-3 first and then bounced back up quickly above B-1. That can force a short cover rally to break above B-0 area and challenge B+1.
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