Recap Euro zoomed back up to Y-0 as expected and stalled from there as the strong downside momentum is still in force. Reaching only 50% of the absolute range expansion and stuck there for the rest of the week.
Outlook As long as Y-0 to B+1 stays as resistance, euro will have to test its year low below 1.29. Due to the drop in volatility during this time of the year, euro may defer this to early next year.
Lawrence's Comment
Recap
Downside 2200 target tagged. Then failed to hold and break lower to next support zone around 2150. Closed the week at the low of the week.
Outlook
Given the momentum ...
Lawrence's Comment
Recap
Y-0 acted as support on first test but failed to hold up loonie afterwards, that opened the door to tag Y-1 and Y-2. Closed the week near Y-2.
Outlook
The ...
Lawrence's Comment
Recap
No quick drop and bounce. Just slow motion selloff all the way. Paused at Y-2 but failed to bounce at all. Ended the week after tagging Y-3 and ...
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
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 26 to Dec 30 Outlook
Lawrence’s Comment
Euro zoomed back up to Y-0 as expected and stalled from there as the strong downside momentum is still in force. Reaching only 50% of the absolute range expansion and stuck there for the rest of the week.
Outlook
As long as Y-0 to B+1 stays as resistance, euro will have to test its year low below 1.29. Due to the drop in volatility during this time of the year, euro may defer this to early next year.
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