Recap The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down to previous week close.
Outlook B-1 should be tested early in the week. B-2 is likely. B-3 is also in play.
A rare scenario can happen if some kind of news shock (or intervention) happening next week – if B+1 is taken out on a shock, B+3 is the first price level where the run can pause.
Lawrence's Comment
Recap
Got the pullback as expected. Not much else to play with since. Closed the week near Y-0 and B-1.
Outlook
2 weeks in a row with midpoint around same price level ...
Lawrence's Comment
Recap
Pullback to Y-0 as expected. Could to go any higher even though euro zone had been trying hard to paint a rosy picture going forward. Closed the ...
Lawrence's Comment
Recap
Expected more downside last week and it looked like it was about to happen with the bear flag setup into Wednesday. Then everything changed by the eco report. Euro ...
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
Ninja failed to hold its support. The door to Y-1 opened. 100% absolute range expansion ended the drop. Closed the week below Y-0 and midpoint.
Outlook
A shallow pullback turned into ...
EURUSD May 23 to May 27 Outlook
Lawrence’s Comment
The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down to previous week close.
Outlook
B-1 should be tested early in the week. B-2 is likely. B-3 is also in play.
A rare scenario can happen if some kind of news shock (or intervention) happening next week – if B+1 is taken out on a shock, B+3 is the first price level where the run can pause.
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