Recap Retest of pre-breakout level as expected when Euro failed to hold above Y-0. Closed the week below Y-0 and midpoint.
Outlook Tight range week waiting for news to find a direction. B+1 / B+2 strong resistance zone on weekly confirmed. Until Euro can clear that more consolidation with a drop back down to Y-2 / B-3 over coming 2 weeks 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
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 Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Retest of pre-breakout level as expected when Euro failed to hold above Y-0. Closed the week below Y-0 and midpoint.
Outlook
Tight range week waiting for news to find a direction. B+1 / B+2 strong resistance zone on weekly confirmed. Until Euro can clear that more consolidation with a drop back down to Y-2 / B-3 over coming 2 weeks likely.
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