Recap Euro did the whiplash move after FBO against the resistance zone mentioned last time. Euro dropped quickly but 1.34 round number somehow provided support. Euro drifted back up since. Closed the week above Y+1 and midpoint.
Outlook Euro closed within the breakout range points to indecision. The resistance was rejected decisively. Euro should not be able to climb back up to the same zone so easily.
Hands off on this pair until I get a better picture this week.
Lawrence's Comment
Recap
Forced test of Y+1 and above worked out as expected. Y-0 support for Y+2 target also worked out. Closed the week above Y+1 and midpoint.
Outlook
As long as ...
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
Consolidation as expected. Centered around Y+1 instead of previous week close as Dow gapped up to Y+1 at the start of the week. Closed the week above Y+1 and ...
Lawrence's Comment
Recap
With help of gold, Aussie did not even stopped at Y+1 on the first retest. Opened the door way to Y+2 and tagging that too in a ...
EURUSD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
Euro did the whiplash move after FBO against the resistance zone mentioned last time. Euro dropped quickly but 1.34 round number somehow provided support. Euro drifted back up since. Closed the week above Y+1 and midpoint.
Outlook
Euro closed within the breakout range points to indecision. The resistance was rejected decisively. Euro should not be able to climb back up to the same zone so easily.
Hands off on this pair until I get a better picture this week.
Share