Recap Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint.
Outlook Consolidation week near Y-1 is bearish and B+1 is strong resistance. A continuation move down to B-2 likely as long as Y-0 / B+1 can cap the bounce.
Lawrence's Comment
Recap
Best behaving pair last week. Consolidation around previous week close at 50% week range. Closed the week near Y+1 and week high.
Outlook
Breakout above Y+1 / B+1 points ...
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
EURUSD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint.
Outlook
Consolidation week near Y-1 is bearish and B+1 is strong resistance. A continuation move down to B-2 likely as long as Y-0 / B+1 can cap the bounce.
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