Could not hold the previous bottom and made a new low by end of November. First week of December made yet another new low.
Next week outlook
Bringing up this chart because something interesting is going on with this pair. If the yellow zone is taken out quickly then November low can turn into an important support zone. If that works out, green zone is the 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
Lawrence's Comment
Recap
Dow pullback from Y+1 down to Y-0 was expected and unfolded early in the week. When it fails to hold Y-0, the drop turned into all out sell off ...
Lawrence's Comment
Recap
News sent it down to below Y-1. However, Y-1 did not act as resistance, thus the original target of March high is still in play. Gapped thru the ...
Lawrence's Comment
Recap
Y-0 resistance sent Aussie down to Y-1. Y-1 acted as support sent Aussie back up to Y-0. Closed the week near Y-1 and below midpoint.
Outlook
Tight range week with no ...
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
EURAUD Week of Dec 6th to Dec 10th Outlook
Recap of last week
Could not hold the previous bottom and made a new low by end of November. First week of December made yet another new low.
Next week outlook
Bringing up this chart because something interesting is going on with this pair. If the yellow zone is taken out quickly then November low can turn into an important support zone. If that works out, green zone is the target.
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