Recap Euro support at Y-0 and test of upside resistance as expected. Failed to clear the zone and stalled since. Closed the week above Y+0 and near midpoint.
Outlook Support at B-0 can give Euro another push higher. Resistance at Y+1 capping the upside and resulting in a break of B-0 will give us continuation of the down trend with B-1 and B-2 targets below.
Lawrence's Comment
Recap
As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed the week ...
Lawrence's Comment
Recap
As expected, one of the extremes (our downside target) tagged by the end of the week. The interesting thing is that most part of this past week was ...
Lawrence's Comment
Recap
Y-1 tested and held up. Ninja was then sent back up to Y-0 and round number at 120. 120 sellers show up and pressed ninja back down. Closed 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 Jan 18 to Jan 22 Outlook
Lawrence’s Comment
Euro support at Y-0 and test of upside resistance as expected. Failed to clear the zone and stalled since. Closed the week above Y+0 and near midpoint.
Outlook
Support at B-0 can give Euro another push higher. Resistance at Y+1 capping the upside and resulting in a break of B-0 will give us continuation of the down trend with B-1 and B-2 targets below.
Share