Recap Euro failed to clear Y-0 twice. First time dropped it down to almost Y-1. Second time it collapsed down to Y-2 after more messy news fed out on the crisis in Europe. Closed the week near Y-2 and week low.
Outlook Tight range break down target is Y-3, Euro has not tagged that yet, so that is in play next week with strong resistance at Y-1 / B-0 zone.
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
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
Gap up early in the week failed to push above Y+1. Formed a double top and sold off from there. Flushed to Y-2 as expected. Bounced quickly ...
EURUSD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Euro failed to clear Y-0 twice. First time dropped it down to almost Y-1. Second time it collapsed down to Y-2 after more messy news fed out on the crisis in Europe. Closed the week near Y-2 and week low.
Outlook
Tight range break down target is Y-3, Euro has not tagged that yet, so that is in play next week with strong resistance at Y-1 / B-0 zone.
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