Recap B-0 quickly turned into support and sent euro up above Y+1. 100% absolute range expansion stopped the move. Closed the week above Y+1 and near week high.
Outlook Euro 4 hour and daily is in a form of 3 pushes up. Once Y+1 turning into resistance euro will likely correct back down to below Y-1.
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
Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.
Outlook
Consistent with euro, signs that the strength ...
Lawrence's Comment
Recap
ES setup from the week before last was so strong it carries itself higher while NQ digging at the bottom of its range. ES eventually gave in after a ...
Lawrence's Comment
Recap
Currency war at its finest - ninja found resistance at previous week close and dropped itself down to Y-0. In turn words exchange at the central bank level broken ...
EURUSD May 18 to May 22 Outlook
Lawrence’s Comment
B-0 quickly turned into support and sent euro up above Y+1. 100% absolute range expansion stopped the move. Closed the week above Y+1 and near week high.
Outlook
Euro 4 hour and daily is in a form of 3 pushes up. Once Y+1 turning into resistance euro will likely correct back down to below Y-1.
Share