Recap False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. Closed the week at the low.
Outlook As long as the pair stays below Y-2, the downside breakout is intact and points to Y-4 to Y-5 as target.
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
Situation in Crimea produced the spike reversal I was looking for. It happened overnight from Sunday which is not showing on this chart. Short squeeze produced a measured move ...
Lawrence's Comment
Recap
As expected no major breakout to the upside and stuck within previous week range. Closed the week near Y-0.
Outlook
Closed another week near the same spot again. Until ...
EURUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. Closed the week at the low.
Outlook
As long as the pair stays below Y-2, the downside breakout is intact and points to Y-4 to Y-5 as target.
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