Recap Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first bounce in the week. Euro failed to clear Y-2 and dropped again. Closed the week below Y-2 and near week low.
Outlook The waterfall effect is in full force – notice the speed of drop has doubled every week. Last week it took 1/2 the time to travel the same distance as in the week before. This points to “singularity event” coming week where there could be a final showdown before Wednesday. V-shape reversal of this move will give us the short term bottom for Euro in coming 1 to 2 months.
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
EURUSD Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first bounce in the week. Euro failed to clear Y-2 and dropped again. Closed the week below Y-2 and near week low.
Outlook
The waterfall effect is in full force – notice the speed of drop has doubled every week. Last week it took 1/2 the time to travel the same distance as in the week before. This points to “singularity event” coming week where there could be a final showdown before Wednesday. V-shape reversal of this move will give us the short term bottom for Euro in coming 1 to 2 months.
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