Recap Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from Y+1 late in the week dropped euro to close at low of the week.
Outlook Last week whole week is a big 1-3- formation, should B-1 fail to act as support, a drop to B-3 is expected.
A rare scenario may unfold if B-1 is not breached early in the week then a quick rally to B+1 or slightly higher around 1.43 is possible.
Lawrence's Comment
Recap
Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week ...
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
Dow extended its losses early in the week with wedging actions gave us a clue that this could be an FBO against Y-1. Confirmed by Wednesday with a very ...
Lawrence's Comment
Recap
Previous week close acted as resistance, gave us a quick drop back down to Y-0. Bounced from Y-0 yet failed again to clear previous week close told us Dow ...
EURUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from Y+1 late in the week dropped euro to close at low of the week.
Outlook
Last week whole week is a big 1-3- formation, should B-1 fail to act as support, a drop to B-3 is expected.
A rare scenario may unfold if B-1 is not breached early in the week then a quick rally to B+1 or slightly higher around 1.43 is possible.
Share