Recap Rejected Y-1 early in the week provided fuel for Euro to challenge Y+1. Stopped at 100% absolute range expansion. Y-0 acted as support on pullback. Closed the week above Y-0 and midpoint.
Outlook Y+1 / B+1 strong resistance zone. As explained last week, if Euro jumped above Y+1, a squeeze will take Euro back up to mid 1.27s. If Euro consolidates around Y+1 / B+1, another flush below B-1 is likely.
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 easiest play of last week. Found support, zoomed back up to above Y+1 target as mentioned last week. Sharp pullback to almost Y-0 and then popped higher. Closed ...
Lawrence's Comment
Recap
Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1.
Outlook
Consolidation ended in a weak tone points to potential flush down to B-2 ...
Lawrence's Comment
Recap
The other easy play for the week. Failed to push above Y-0 and dropped straight down to Y-2 target mentioned last week. Consolidated around Y-2 and gave us a ...
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 Dec 15 to Dec 19 Outlook
Lawrence’s Comment
Rejected Y-1 early in the week provided fuel for Euro to challenge Y+1. Stopped at 100% absolute range expansion. Y-0 acted as support on pullback. Closed the week above Y-0 and midpoint.
Outlook
Y+1 / B+1 strong resistance zone. As explained last week, if Euro jumped above Y+1, a squeeze will take Euro back up to mid 1.27s. If Euro consolidates around Y+1 / B+1, another flush below B-1 is likely.
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