Recap Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near week high.
Outlook Consolidation at 50% range below Y-1 is bearish. B+1 / Y-1 to B+2 is very strong resistance. As long as Euro cannot clear the zone, more downside is likely.
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
Lawrence's Comment
Recap
Bounced back up to resistance I mentioned last week. Sold off in 2 legs down to target. Still my favorite pair. Closed at the low of the ...
Lawrence's Comment
Recap
Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest ...
EURUSD Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near week high.
Outlook
Consolidation at 50% range below Y-1 is bearish. B+1 / Y-1 to B+2 is very strong resistance. As long as Euro cannot clear the zone, more downside is likely.
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