Recap Warned Y-0 is the line in the sand where European officials would defend. Happened like clockwork. Free ride up to almost Y+2. Closed the week above Y+1 and midpoint.
Outlook Chart pattern is not that bullish. Short squeeze driven price actions over the past 2 weeks simply created temporary run up that has to drop back down to backfill the void zones.
Looking for pullback to B-0 down to B-1 consolidation actions.
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
2 weekly down trend resistance breakout gave us a run to 2 week high and in turn stops are found and sent Aussie to Y+2. Strong reaction at Y+2 ...
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
Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. ...
Forex majors has a very consistent characteristics across them all. Namely, the likelihood of tagging the midpoint of a week in the week right after. The overall statistics across all ...
EURUSD Feb 17 to Feb 21 Outlook
Lawrence’s Comment
Warned Y-0 is the line in the sand where European officials would defend. Happened like clockwork. Free ride up to almost Y+2. Closed the week above Y+1 and midpoint.
Outlook
Chart pattern is not that bullish. Short squeeze driven price actions over the past 2 weeks simply created temporary run up that has to drop back down to backfill the void zones.
Looking for pullback to B-0 down to B-1 consolidation actions.
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