Recap Euro sold off from Y-0 resistance zone as expected. Y-3 downside target tagged and led to a strong bounce back up. Closed the week near Y-0 and week high.
Outlook Euro bounced due to sell off in worldwide stock markets. This effect has limited upside potential. Y-1 / B-0 support points to test of Y+1 likely.
Lawrence's Comment
Recap
Move higher as mentioned last week. 100% absolute range expansion reached. Closed the week near the high of the week. Picture perfect STOPD swing.
Outlook
Congestion or pullback expected. ...
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
Recap of Last Week Yellow zone acted as support and the pair went higher as expected. It did not quite reach the target area (green zone) because it stalled ...
EURUSD Jan 11 to Jan 15 Outlook
Lawrence’s Comment
Euro sold off from Y-0 resistance zone as expected. Y-3 downside target tagged and led to a strong bounce back up. Closed the week near Y-0 and week high.
Outlook
Euro bounced due to sell off in worldwide stock markets. This effect has limited upside potential. Y-1 / B-0 support points to test of Y+1 likely.
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