Recap Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
Outlook The selloff will accelerate quickly should B-2 fails to act as support. To produce a short term bottom, we need to see proper bottoming pattern to form on daily.
Lawrence's Comment
Recap
Y-1 support zone spike test gave us a run back to Y-0. Instead of a clean test, we got a stair step / bear flag like action testing Y-0 ...
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 29 to Mar 04 Outlook
Lawrence’s Comment
Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
Outlook
The selloff will accelerate quickly should B-2 fails to act as support. To produce a short term bottom, we need to see proper bottoming pattern to form on daily.
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