Recap Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook First significant break of euro uptrend on daily. B-0 / Y-0 zone must act as resistance for the down trend to stay intact. B-2 next downside target.
Lawrence's Comment
Recap
Aussie successfully cleared 4 hour down channel top, giving us Y+1 and then Y+2. Closed the week near Y+2 and week high.
Outlook
Aussie's recovery against US dollar can ...
Lawrence's Comment
Recap
As expected, multiple attempts to push higher happened last week yet no breakout was resulted. Closed the week above Y-0 and below midpoint.
Outlook
Tight range week with close ...
For 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 schedule
For 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 schedule
For 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 schedule
For 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 schedule
For 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 schedule
EURUSD Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook
First significant break of euro uptrend on daily. B-0 / Y-0 zone must act as resistance for the down trend to stay intact. B-2 next downside target.
Share