Lawrence's Comment
Recap
Loonie continue to strengthen last week. Y+1 was not challenged at all. After breaking below Y-1, a flush to Y-3 materialized. Closed the week near week low ...
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
Lawrence's Comment
Recap
The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2.
Outlook
If Y-3 is tagged early ...
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 Apr 02 to Apr 06 Outlook
Lawrence’s Comment
Euro broken out to the upside after news shock. Stayed in a tight range above Y+1 since. Closed the week above Y+1.
Outlook
Critical week.
If euro can stay above Y+1 by end of week, the weekly breakout will be confirmed and that opens the door to higher price levels.
If euro failed to stay above Y+1 by end of week, it will turn into a false breakout on weekly level implying quick drop back down to B-3.
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