Recap Bear flag continuation selloff as expected and tagged our downside target. Yet, Y-1 failed to hold the pair down leading to a bounce back upto B-0.
Outlook A zoom up above B+1 with B+1 acting as support we get spike low reversal pointing to B+3.
Normally, however, B+1 will act as resistance and force a retest of B-0 downto Y-1 to confirm the potential reversal first.
Recap of last week Flush to target red zone 1.31 right off the start of the week. Then a reversal started mid week that retested the original target zone ...
Lawrence's Comment
Recap
Tight range consolidation all week even though US dollar has strengthen across the board last week. Good example of low participation translate into meaningless price movements on higher timeframes. ...
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 Nov 14 to Nov 18 Outlook
Lawrence’s Comment
Bear flag continuation selloff as expected and tagged our downside target. Yet, Y-1 failed to hold the pair down leading to a bounce back upto B-0.
Outlook
A zoom up above B+1 with B+1 acting as support we get spike low reversal pointing to B+3.
Normally, however, B+1 will act as resistance and force a retest of B-0 downto Y-1 to confirm the potential reversal first.
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