Recap First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed back up. Closed the week above Y-0 and midpoint.
Outlook The bottom forming was a complex one but it is still a temporary bottom. As long as Y-1 / B-0 acting as support euro has a chance to challenge B+2 / 1.35 swing resistance.
Lawrence's Comment
Recap
Similar to Dow and NQ, ES shot up whole week last week and recovered all the ground it lost over the past several weeks. Closed the week ...
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 Aug 11 to Aug 15 Outlook
Lawrence’s Comment
First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed back up. Closed the week above Y-0 and midpoint.
Outlook
The bottom forming was a complex one but it is still a temporary bottom. As long as Y-1 / B-0 acting as support euro has a chance to challenge B+2 / 1.35 swing resistance.
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