Recap Was looking for an upside breakout in the beginning of the week and got it. That turns B+1 into support with Y+2 and Y+3 as targets. Got both once Y+1 was tested later in the week.
Outlook B-0 to Y+2 acting as support for another leg up to B+2.
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
The more interesting scenario happened. Cable held Y-0, breakout of Y+1 and gave us 1.60 and Y+3 in 1 go. Essentially no heat taken. Cannot ask for ...
Unlike trading index future contracts or commodity future contracts having a steep margin requirement and higher minimum account size across the board, forex trading (and CFD trading) can be done ...
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
News driven market condition as noted in last week's comment materialized. Messy price actions all week due to news / rumours yet our trusted NFP biases all worked out. ...
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 Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Was looking for an upside breakout in the beginning of the week and got it. That turns B+1 into support with Y+2 and Y+3 as targets. Got both once Y+1 was tested later in the week.
Outlook
B-0 to Y+2 acting as support for another leg up to B+2.
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