Recap Euro shot higher as expected to the target zone after going sideway earlier in the week. Closed above Y+1 and midpoint.
Outlook Euro finally entered its longer term reisstance zone and price actions here will be messy as shorter term players scrambling to cover their shorts while long term capital outflow accelerate. Test of B-0 likely and B-0 turning into resistance will give us B-1 and below.
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
The intervention I've been talking about happened. It illustrates why we cannot trade the short side of this pair when it was drifting downward as we cannot tell ...
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 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Euro shot higher as expected to the target zone after going sideway earlier in the week. Closed above Y+1 and midpoint.
Outlook
Euro finally entered its longer term reisstance zone and price actions here will be messy as shorter term players scrambling to cover their shorts while long term capital outflow accelerate. Test of B-0 likely and B-0 turning into resistance will give us B-1 and below.
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