Recap Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook First significant break of euro uptrend on daily. B-0 / Y-0 zone must act as resistance for the down trend to stay intact. B-2 next downside target.
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
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 Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook
First significant break of euro uptrend on daily. B-0 / Y-0 zone must act as resistance for the down trend to stay intact. B-2 next downside target.
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