Recap Euro refused to go lower in the beginning of the week and challenged Y-0. Failed to clear Y-0, euro started its move to go down to the 1.32 long term support zone. Cleared Y-2 and stuck there since. Closed the week below Y-2 and near week low.
Outlook Finally at the long term support zone. Focus now is to see if euro will build a nice bottom here at B-1 / Y-3. If so swing target to the upside is at least B+1.
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
Pushed above Y+1 following the up channel play but failed to hold above Y+1. That set the stage for a test of Y-0. Broken the channel to the downside ...
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
Lawrence's Comment
Recap
Just like NQ, ES gave us a surprise run to challenge its year high early in the week. The interesting development, however, was that it developed a bearish ...
EURUSD Feb 25 to Mar 01 Outlook
Lawrence’s Comment
Euro refused to go lower in the beginning of the week and challenged Y-0. Failed to clear Y-0, euro started its move to go down to the 1.32 long term support zone. Cleared Y-2 and stuck there since. Closed the week below Y-2 and near week low.
Outlook
Finally at the long term support zone. Focus now is to see if euro will build a nice bottom here at B-1 / Y-3. If so swing target to the upside is at least B+1.
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