Recap Travelled higher to Y+2. Found resistance and moved back down to Y+1. Closed the week above Y+1 and below midpoint.
Outlook As mentioned last week, Euro somehow loves to rally into their bond promotions and then collapse right after. If Euro breaks B-1 / Y-1 and that turns into resistance, we will get a swing top good for months to come.
Holiday mode trading means euro can lock itself into a tight range between B-2 to B-0 over the coming 2 to 3 weeks.
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
Consolidation actions around previous week close. Equal distance from previous week close established. Closed the week above Y-1 and midpoint.
Outlook
3 Pushes Down target Y-0. 3 Pushes Down ...
EURUSD Dec 16 to Dec 20 Outlook
Lawrence’s Comment
Travelled higher to Y+2. Found resistance and moved back down to Y+1. Closed the week above Y+1 and below midpoint.
Outlook
As mentioned last week, Euro somehow loves to rally into their bond promotions and then collapse right after. If Euro breaks B-1 / Y-1 and that turns into resistance, we will get a swing top good for months to come.
Holiday mode trading means euro can lock itself into a tight range between B-2 to B-0 over the coming 2 to 3 weeks.
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