Recap Consolidation around Y+1 with obvious weaknesses as more of the time was spent below Y+1. Closed the week below Y+1 and midpoint.
Outlook Potential DT in the making as mentioned last week. If the DT is triggered, dropping down to B-3 is likely.
The messy situation is that euro flushed down just a bit to Y-0 and immediately snap back up above B-0, that will trigger a run to B+2 and likely much higher.
Lawrence's Comment
Recap
Congested for 2 days, then went higher until 50% absolute range expansion is reached. Then congested there for the rest of the week.
Outlook
The big rally was caused ...
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 Jan 21 to Jan 25 Outlook
Lawrence’s Comment
Consolidation around Y+1 with obvious weaknesses as more of the time was spent below Y+1. Closed the week below Y+1 and midpoint.
Outlook
Potential DT in the making as mentioned last week. If the DT is triggered, dropping down to B-3 is likely.
The messy situation is that euro flushed down just a bit to Y-0 and immediately snap back up above B-0, that will trigger a run to B+2 and likely much higher.
Be ready to deal with wild swings this week.
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