Recap All week consolidation at around 50% previous week range. After NFP euro pushed higher back up to near Y-0. Closed the week below Y-0 and above midpoint.
Outlook No strong directional bias from here.
For more downside we need euro to find resistance at Y-0 and below B+2 to force it lower. Confirmed weaknesses will give us a drop to B-2.
Lawrence's Comment
Recap
As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed 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 13 to Jan 17 Outlook
Lawrence’s Comment
All week consolidation at around 50% previous week range. After NFP euro pushed higher back up to near Y-0. Closed the week below Y-0 and above midpoint.
Outlook
No strong directional bias from here.
For more downside we need euro to find resistance at Y-0 and below B+2 to force it lower. Confirmed weaknesses will give us a drop to B-2.
Share