Recap Opened above Y+1. No FBO as Euro stayed above Y+1 all the way til its breakout move to Y+4. Consolidated since. Closed the week above Y+3 and midpoint.
Outlook Unusual breakout move last week made it difficult to project the direction this week. Notice that it was not a strong move going higher. Euro essentially jumped from Y+1 to Y+3 and finally stopped at Y+4.
A pullback is normal with target below B-0. From there if Y+2 to B-0 zone acting as support, a retest of B+1 likely.
Lawrence's Comment
Recap
Slided down to B-2 without a fight. Then bear flag up drift back to Y+1. Could not clear the resistance and flushed back down to week low. Closed the ...
Lawrence's Comment
Recap
Open below Y-1 and flushed down to Y-2 target. Bounced off at once. Measured move back to Y-0 and failed to go higher. That staged the week low 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
Flushed in afterhours and Y-1 turned into support by the time market opens in regular hours. NQ bottomed out from there and rallied to close the week near ...
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
Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint.
Outlook
The end of week breakdown is normal for consolidation at Y-1. It is not a ...
Lawrence's Comment
Recap
Y-1 breached early in the week but did not act as resistance. That is the early signs of strength. Couple that with the spike low is 100% ...
EURUSD Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Opened above Y+1. No FBO as Euro stayed above Y+1 all the way til its breakout move to Y+4. Consolidated since. Closed the week above Y+3 and midpoint.
Outlook
Unusual breakout move last week made it difficult to project the direction this week. Notice that it was not a strong move going higher. Euro essentially jumped from Y+1 to Y+3 and finally stopped at Y+4.
A pullback is normal with target below B-0. From there if Y+2 to B-0 zone acting as support, a retest of B+1 likely.
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