Recap Euro pullback lower as expected and slow week due to Easter holiday. Closed the week below Y-0 and midpoint.
Outlook Inside week with tight range gives us breakout play. Bull side advantage due to bull flag formation. Clearing B-0 points to retest of Y+1 long term resistance zone likely. It is still a potential longer term swing top in the making here.
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
Gapped down to Y-1 yet found an excuse to move back up to Y-0. Failed to clear Y-0 and fell straight down to Y-3. The reversal was as impressive ...
Lawrence's Comment
Recap
Y+1 failed to hold the pair down led to a quick run up to Y+2 before the pair stalled. Pulled back to midpoint and closed the week ...
Lawrence's Comment
Recap
The no bias setup became a breakout play this past week. Cable was trapped at the upper zone mentioned last week. Then the announcement came, cable flushed down to ...
EURUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Euro pullback lower as expected and slow week due to Easter holiday. Closed the week below Y-0 and midpoint.
Outlook
Inside week with tight range gives us breakout play. Bull side advantage due to bull flag formation. Clearing B-0 points to retest of Y+1 long term resistance zone likely. It is still a potential longer term swing top in the making here.
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