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
Euro broke below Y-0 and gave us Y-2 as expected. Nice surprise that it dropped straight down to Y-3. Closed the week near week low and around Y-3.
Outlook
Weekly reversal ...
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
Consolidation around previous week close / Y+1 as expected. 50% range. Closed the week above Y+1 and midpoint.
Outlook
Consolidation around Y+1 is bullish. Up channel like behaviour at ...
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 Breaking Down
The failure of euro to hold above the previous year close is now proven to be very bearish.
1.30 is a critical price zone that euro must defend as there is not much support underneath until 1.28 or lower.
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