Recap Euro FBO against Y+1 in thin trading environment gave us a go for the selloff target Y-1. No pullback whatsoever, Y-1 tagged by the end of the week. Closed the week below Y-1 and near week low.
Outlook Weaknesses going into year end can lead to more selling, although not necessary flush like action as in last week. Holiday mode will limit the actions. Normal year end range is usually trapped within 150 pips.
Lawrence's Comment
Recap
Fall to support zone after failing to hold Y-1. Since then Y-1 turned into resistance and dropped this further down to Y-2. Closed the week near Y-2 and 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
Lawrence's Comment
Recap
Consolidated early in the week and drifted higher to Y+1 as mentioned last week. Pushed higher to 100% absolute range expansion before it stalled. No big surprise. Closed the ...
Recap of last week Hit sell target zone (red zone) then started a choppy run towards the resistance area (yellow zone). Boring but easy trading - always a good ...
EURUSD Dec 22 to Dec 26 Outlook
Lawrence’s Comment
Euro FBO against Y+1 in thin trading environment gave us a go for the selloff target Y-1. No pullback whatsoever, Y-1 tagged by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Weaknesses going into year end can lead to more selling, although not necessary flush like action as in last week. Holiday mode will limit the actions. Normal year end range is usually trapped within 150 pips.
Share