Recap Euro spiked higher above Y+1, but failed immediately back below Y-0, staging an all out breakdown. Yet, it drifted higher since until midpoint of week was tagged. Closed the week near Y-0 and below midpoint.
Outlook On track to break B-1 to form a strong swing top that can last for weeks. Once B-1 is breached and that turning into resistance B-3 target is expected.
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
Y+1 acted as resistance sending Dow back down to the open gap below. Once tagged, Dow bounced back quickly and held the 18000 round number. News shock sent Dow ...
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
Slow pullback to the support zone as expected. Still my all time favorite!
Outlook
For normal market condition, you can expect B+1 to be retested this week.
The tricky issue ...
EURUSD Apr 22 to Apr 26 Outlook
Lawrence’s Comment
Euro spiked higher above Y+1, but failed immediately back below Y-0, staging an all out breakdown. Yet, it drifted higher since until midpoint of week was tagged. Closed the week near Y-0 and below midpoint.
Outlook
On track to break B-1 to form a strong swing top that can last for weeks. Once B-1 is breached and that turning into resistance B-3 target is expected.
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