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.
Lawrence's Comment
Recap
Further pullback to Y-2 and bounced. Y-0 acted as resistance again. When Y-1 also turned into resistance we gone breakdown move to Y-4. Closed the week near Y-4 and ...
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
Previous week close defended gave us a run for Y+2. Y+2 tagged and strong reaction there dropped Dow back down to Y+1. Closed the week near Y+1 and midpoint.
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Lawrence's Comment
Recap
Consolidation around previous week close. Wait and see situation due to the crisis in Ukraine has taken a turn for the worse. Gold strengthen last week played a role ...
Lawrence's Comment
Recap
Rejected Y-1 early in the week provided fuel for Euro to challenge Y+1. Stopped at 100% absolute range expansion. Y-0 acted as support on pullback. Closed the week above ...
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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