Recap Consolidation in 50% previous week range after wide range week is normal. Closed the week above Y-0 and midpoint.
Outlook Ledge on 4 hour points to continuation of the up trend. A push towards the weekly / monthly resistance above at 1.15 will tell us if there is more stops to run. If so the monthly resistance at 1.20 will be in play.
Lawrence's Comment
Recap
A wild turnaround Monday followed by total collapse Tuesday. Tagged Y-2 as expected. Then fighted to stay within 100% absolute range expansion and above 1400 multiple times. ...
Lawrence's Comment
Recap
First half of the week dropped below Y-1 as expected. Then, reversed its course pretty much in sync with Aussie and Euro. Breaking above Y+1 in one sharp ...
Lawrence's Comment
Recap
Gap down open led to an all out rally defending Y-0. The surprise move to many was good enough to get Y+1 early in the week. ES holding above ...
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 Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Consolidation in 50% previous week range after wide range week is normal. Closed the week above Y-0 and midpoint.
Outlook
Ledge on 4 hour points to continuation of the up trend. A push towards the weekly / monthly resistance above at 1.15 will tell us if there is more stops to run. If so the monthly resistance at 1.20 will be in play.
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