Recap Euro going lower to Y-2 as expected. Failed to clear the gap above gave us the Y-3 target below. Normal range expansion reached. Closed the week below Y-2 and midpoint.
Outlook B-0 / Y-2 resistance points to retest of B-1. B-1 acting as support will give us a bounce back up to B+1 / Y-1.
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
Bullish scenario unfolded and tagged Y+2 target. STOPD swing in its simplest form. Closed the week at its high.
Outlook
Should move higher above B+1 early in the week. ...
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 Jan 12 to Jan 16 Outlook
Lawrence’s Comment
Euro going lower to Y-2 as expected. Failed to clear the gap above gave us the Y-3 target below. Normal range expansion reached. Closed the week below Y-2 and midpoint.
Outlook
B-0 / Y-2 resistance points to retest of B-1. B-1 acting as support will give us a bounce back up to B+1 / Y-1.
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