Recap Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below Y+1 and near mipoint.
Outlook Consolidation week closing near midpoint and at reduced range. No significant information from the week. If B-0 holds, a retest of B+1 is likely with B+2 in the card. Y+1 resistance can send Euro back down to B-1.
Lawrence's Comment
Recap
Sold off to below 1.30 triggered intervention by spreading rumors and speculative news again. Closed the week below Y-0 and above midpoint.
Outlook
Below 1.30 is rejected due to ...
Lawrence's Comment
Recap
My read of a retest of Y+1 was correct but NQ failed to take it out. Slided back down to Y-0 after multiple tries. Y-0 was not ...
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
Followed the down channel play and gave us a easy week. Closed the week above Y-1 and below midpoint.
Outlook
Down channels do not last. As long as B-0 acting as ...
Lawrence's Comment
Recap
Y-1 acted as support. Bounced back up to Y-0 and found resistance. Dropped to equal distance below previous week close. Closed the week near Y-1 and below midpoint.
...
EURUSD May 11 to May 15 Outlook
Lawrence’s Comment
Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below Y+1 and near mipoint.
Outlook
Consolidation week closing near midpoint and at reduced range. No significant information from the week. If B-0 holds, a retest of B+1 is likely with B+2 in the card. Y+1 resistance can send Euro back down to B-1.
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