Lawrence's Comment
Recap
ES gapped above Y-0 and sparked a squeeze back up to Y+1. Y+1 resistance sent ES back down to Y-0 and below. ES attempted to fill the gap below. ...
Lawrence's Comment
Recap
Y-0 support sent ES back up to Y+1. ES could not clear Y+1 and stalled from there since. ES collapsed below Y-0 and dropped all the way down to ...
Lawrence's Comment
Recap
Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but ...
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 20 to Feb 24 Outlook
Lawrence’s Comment
Sold off to below 1.30 triggered intervention by spreading rumors and speculative news again. Closed the week below Y-0 and above midpoint.
Outlook
Below 1.30 is rejected due to intervention implying those in control do not want to see 1.29 to print at all, or for now.
That however failed to take euro much higher like last few times as most other related markets are not responding well too.
As long as B-0 upto B+1 acting as resistance, retest of B-1 and more downside is expected.
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