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
Pullback to Y-0 as expected. Could to go any higher even though euro zone had been trying hard to paint a rosy picture going forward. Closed the ...
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
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
NQ had a 100 points upside breakout last week. Unlike Dow or ES, NQ continues to drift higher early in the week and then leading to the upside even ...
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.
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