Recap Euro ended 2014 at the lowest level of the year as explained in my monthly newsletter. Right after new year, it cracked the 1.20 target zone too. Great start for everyone on the correct side of the market. Closed the week below Y-4 and at week low.
Outlook This year, New Year week has only 1 trading day. That makes it difficult to produce projection for January. Based on weekly pattern only, we have a parabolic run pointing to B-2. Once that is taken care of a decent bounce should be next.
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
Monday we saw a brake was applied then Tuesday we get a repeat. A lot of people did not get the memo that it is the week to go ...
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
A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook
As long as ...
EURUSD Jan 05 to Jan 09 Outlook
Lawrence’s Comment
Euro ended 2014 at the lowest level of the year as explained in my monthly newsletter. Right after new year, it cracked the 1.20 target zone too. Great start for everyone on the correct side of the market. Closed the week below Y-4 and at week low.
Outlook
This year, New Year week has only 1 trading day. That makes it difficult to produce projection for January. Based on weekly pattern only, we have a parabolic run pointing to B-2. Once that is taken care of a decent bounce should be next.
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