Recap Minimal down side target tagged mid week and euro went full breakdown from there. Euro could not stop at all and dropped straight down to Y-4. Closed the week below Y-4 and at week low.
Outlook More downside is expected. Y-5 potential temporary bounce off point with consolidation around B-1 to follow.
Lawrence's Comment
Recap
Gap down but ran back up immediately to close the gap. Then failed to push higher and flushed down to Y-1 to test the support. Took off from there ...
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 Mar 09 to Mar 13 Outlook
Lawrence’s Comment
Minimal down side target tagged mid week and euro went full breakdown from there. Euro could not stop at all and dropped straight down to Y-4. Closed the week below Y-4 and at week low.
Outlook
More downside is expected. Y-5 potential temporary bounce off point with consolidation around B-1 to follow.
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