Recap Warned Y-0 is the line in the sand where European officials would defend. Happened like clockwork. Free ride up to almost Y+2. Closed the week above Y+1 and midpoint.
Outlook Chart pattern is not that bullish. Short squeeze driven price actions over the past 2 weeks simply created temporary run up that has to drop back down to backfill the void zones.
Looking for pullback to B-0 down to B-1 consolidation actions.
Lawrence's Comment
Recap
Moved back to support as expected and the structured selling reappeared. Finally the support level was broken leading to a flush doubling the consolidation range and tagged Y-1 in ...
Lawrence's Comment
Recap
Euro broken out to the upside after news shock. Stayed in a tight range above Y+1 since. Closed the week above Y+1.
Outlook
Critical week.
If euro can stay ...
Lawrence's Comment
Recap
A dramatic week. Failed to push above Y-0 and flushed through Y-1 quickly. Y-2 acted as support temporarily and then flushed down to new low above Y-3. ...
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
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EURUSD Feb 17 to Feb 21 Outlook
Lawrence’s Comment
Warned Y-0 is the line in the sand where European officials would defend. Happened like clockwork. Free ride up to almost Y+2. Closed the week above Y+1 and midpoint.
Outlook
Chart pattern is not that bullish. Short squeeze driven price actions over the past 2 weeks simply created temporary run up that has to drop back down to backfill the void zones.
Looking for pullback to B-0 down to B-1 consolidation actions.
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