Recap Euro FBO against Y+1 in thin trading environment gave us a go for the selloff target Y-1. No pullback whatsoever, Y-1 tagged by the end of the week. Closed the week below Y-1 and near week low.
Outlook Weaknesses going into year end can lead to more selling, although not necessary flush like action as in last week. Holiday mode will limit the actions. Normal year end range is usually trapped within 150 pips.
Lawrence's Comment
Recap
As expected, failed to breakout above Y+1 and dropped back down to Y-0. Closed the week at midpoint.
Outlook
Intervention effect from the central banks takes time to be ...
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
As oppose to just move up to B+3 target area, NQ simply gap above B+1, forcing a fierce short cover rally in the beginning of the week. Then ...
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
FBO against Y-1 happened and then head and shoulder bottom was formed on 4 hour. Y-0 cleared and crime scene above where the breakdown started was revisited. Closed the ...
EURUSD Dec 22 to Dec 26 Outlook
Lawrence’s Comment
Euro FBO against Y+1 in thin trading environment gave us a go for the selloff target Y-1. No pullback whatsoever, Y-1 tagged by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Weaknesses going into year end can lead to more selling, although not necessary flush like action as in last week. Holiday mode will limit the actions. Normal year end range is usually trapped within 150 pips.
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