Recap First half of the week formed a perfect head and shoulder that has a target breaking the Y-0 support area. That resulted in a drop running towards the Y-1 target. Ended the week with 100% range of previous week.
Outlook If Y-1 to B-1 forms a bottom, B+1 will be retested.
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
Breakout mode triggered to the downside. Y-3 tagged quickly and extended to Y-4 (also first week of month midpoint) before a bounce. Closed the week above midpoint.
Outlook
The ...
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 Jun 13 to Jun 17 Outlook
Lawrence’s Comment
First half of the week formed a perfect head and shoulder that has a target breaking the Y-0 support area. That resulted in a drop running towards the Y-1 target. Ended the week with 100% range of previous week.
Outlook
If Y-1 to B-1 forms a bottom, B+1 will be retested.
If that turns into resistance, B-3 is the target.
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