Recap ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint.
Outlook 1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is likely.
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
Failed to hold Y-1, got the flush to Y-3 as expected. Closed the week below midpoint and near Y-2.
Outlook
Daily uptrend is now broken. As long as B-0 ...
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
Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near ...
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. ...
EURUSD Jan 26 to Jan 30 Outlook
Lawrence’s Comment
ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint.
Outlook
1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is likely.
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