Recap Drifted back up to Y-0. Sold off from there as expected. Cleared Y-1 in 1 go. Stuck at Y-1 since. Closed the week near Y-1 and below midpoint.
Outlook Getting very close to the long term support zone as mentioned in my newsletter. This should produce a tradable bounce once a 4 hour reversal is in place.
2 ways to engage this swing opportunity just like cable. Check that out for the setups.
Lawrence's Comment
Recap
Weakening of USD across all other majors forced ninja to go sideway. Y-0 test from above confirmed support and Y+1 tagged after. Consolidation since. Closed the week above Y-0 ...
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 Feb 18 to Feb 22 Outlook
Lawrence’s Comment
Drifted back up to Y-0. Sold off from there as expected. Cleared Y-1 in 1 go. Stuck at Y-1 since. Closed the week near Y-1 and below midpoint.
Outlook
Getting very close to the long term support zone as mentioned in my newsletter. This should produce a tradable bounce once a 4 hour reversal is in place.
2 ways to engage this swing opportunity just like cable. Check that out for the setups.
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