Recap News shock sent the pair down to Y-3. W. spring against Y-3 and snap back up to B+1. Original upside target Y+2 tagged then went sideway for the rest of the week.
Outlook Clear demonstration of the strength of this pair last week points to more upside is in store. Y-0 to Y+1 should act as support and retest of B+1 is likely.
Lawrence's Comment
Recap
First time since beginning of the year where Y-0 acted as resistance and gave us a selloff down to my target area 14800-14900. As I warned last week, beware ...
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 actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low.
Outlook
Up channel breakdown target tagged. ...
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 25 to Apr 29 Outlook
Lawrence’s Comment
News shock sent the pair down to Y-3. W. spring against Y-3 and snap back up to B+1. Original upside target Y+2 tagged then went sideway for the rest of the week.
Outlook
Clear demonstration of the strength of this pair last week points to more upside is in store. Y-0 to Y+1 should act as support and retest of B+1 is likely.
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