Recap Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint.
Outlook 1.35 has been long term support for a long time. If it is breached, a drop to 1.33 quickly is expected. The fight will be messy here (i.e. wild swings expected) as many short term traders already turned bullish after the minute drop so far.
Lawrence's Comment
Recap
ES opened around its previous week close and consolidated there. Break out immediately right after gave us a run to Y+2. Since then a pullback back down to the ...
Lawrence's Comment
Recap
Consolidation play initially with both Y-1 and Y+1 tested. Breakout play was clean and gave us Y-3 in 1 go. then the weekly range was over extended (as I ...
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
EURUSD Jul 21 to Jul 25 Outlook
Lawrence’s Comment
Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint.
Outlook
1.35 has been long term support for a long time. If it is breached, a drop to 1.33 quickly is expected. The fight will be messy here (i.e. wild swings expected) as many short term traders already turned bullish after the minute drop so far.
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