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
Aussie rushed to Y+2 and rejected decisively. Dropped back down to Y-0 and bounced. Failed to clear the breakout boundary since. Closed the week near Y-0 and below midpoint.
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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 Apr 09 to Apr 13 Outlook
Lawrence’s Comment
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 in the week and euro dollar bounces off from there, B-0 will be the magnet to run up to and should act as resistance.
If euro just drifted up a little early in the week, then a more significant decline is expected later in the week.
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