Recap Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook Inside week points to breakout mode. Clean break of Y+1 points to Y+2 and Y+3 while clean break of Y-1 points to Y-2 and Y-3.
Lawrence's Comment
Recap
Clean swing from Y-1 as support, breaking the resistance at Y-0 and gave us the breakout we are looking for. Y+3 target tagged. Closed the week at ...
Lawrence's Comment
Recap
Spike and ledge with resistance at Y-0 worked out to the downside. Y-2 acted as support. Closed the week near Y-2 and week low.
Outlook
More downside is expected ...
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
Congestion. Stuck at 50% week range around Y+1. Closed the week above Y+1.
Outlook
Way stronger comparing to Dow or S&P. Definitely bullish as Y+1 was defended.
Only way to send ...
EURUSD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout mode. Clean break of Y+1 points to Y+2 and Y+3 while clean break of Y-1 points to Y-2 and Y-3.
Share