Recap FBO Y+1 is ledge breakout failure. That gave us Y+1 and a slide back down to where the last up leg started. Closed the week below Y-1 and midpoint.
Outlook Strong setup of daily reversal is in place. B-0 / Y-1 resistance for more downside below B-1.
Lawrence's Comment
Recap
More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint.
Outlook
Canadian dollar ...
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 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
FBO Y+1 is ledge breakout failure. That gave us Y+1 and a slide back down to where the last up leg started. Closed the week below Y-1 and midpoint.
Outlook
Strong setup of daily reversal is in place. B-0 / Y-1 resistance for more downside below B-1.
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