Recap Test of Y+1 led to clean drop to below Y-0 triggering Y-1 target. Y-0 acted as resistance since giving us Y-1 quickly and Y-2 eventually. Closed the week below Y-1 and near week low.
Outlook Weekly down trend resumed. Y-1 / B-0 strong resistance. Next stop below will be below 1.04.
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
Lawrence's Comment
Recap
Bottom side of the gap range (12400-12900) mentioned last week was tested and decidely rejected. Closed the week above previous week close.
Outlook
As long as B-0 acts as ...
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
Lawrence's Comment
Recap
ES did sold off from the beginning of the week off the 3 pushes up formation. Yet Y-0 acted as support and continue its parabolic path going higher. ...
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 Apr 13 to Apr 17 Outlook
Lawrence’s Comment
Test of Y+1 led to clean drop to below Y-0 triggering Y-1 target. Y-0 acted as resistance since giving us Y-1 quickly and Y-2 eventually. Closed the week below Y-1 and near week low.
Outlook
Weekly down trend resumed. Y-1 / B-0 strong resistance. Next stop below will be below 1.04.
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