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.
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
Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above ...
Lawrence's Comment
Recap
ES bull flag on 30-min and hourly landed at Y-0 support. Strong squeeze on the shorts led to breakout of Y+1. Closed the week above Y+1 and near week ...
Lawrence's Comment
Recap
Broken below our support zone, but successfully staged a double bottom to blast the price up right underneath. That puts Y-0 into play. Reached Y-0 in midweek and ...
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 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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