Recap Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop back down to Y-1 area.
Outlook Potential triangle on 4 hour in the making, meaning that even if B-1 acts as support, it may not be able to go much higher than B-0.
Breakout of this inside week will give us a clear direction to trade in the coming month.
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
Y+1 was breached quickly in first half of the week invalidated the bearish bias. The door to Y+2 was opened since. Y+2 tagged eventually at the end of the ...
Lawrence's Comment
Recap
Seasonal sell worked out beautifully cleaning out the late buyers over the past few weeks. Closed the week below Y-4 and at week low.
Outlook
Seasonal bias to the ...
Lawrence's Comment
Recap
Consolidation around prior week close as expected. Even the rush to Y+1 could not clear it. Closed the week above Y-0 and below mipoint.
Outlook
Post Thanksgiving bias points to a ...
Lawrence's Comment
Recap
Breakout play worked out. Clearing Y-1 gave us a straight melt down to Y-3 target. Then a technical bounce took ES higher back to Y-1. 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
EURUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop back down to Y-1 area.
Outlook
Potential triangle on 4 hour in the making, meaning that even if B-1 acts as support, it may not be able to go much higher than B-0.
Breakout of this inside week will give us a clear direction to trade in the coming month.
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