Recap Formed a top right within the expected zone as mentioned last week and got the significant pullback I was looking for. Closed the week below Y-1 and at week low.
Outlook This pullback is reaction to the 2nd long term up swing in euro. A more complex drop from here will bring euro back down to the long term support zone as mentioned in my newsletter.
For next week, as long as B-0 is acting as resistance, more downside is expected.
Lawrence's Comment
Recap
Y-1 FBO led to a bounce back up to resistance below Y-0. 2nd attempt at Y-1 gave us a clean drop to below Y-2 and 100% absolute range expansion ...
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
First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target ...
Lawrence's Comment
Recap
Gap down to 3900 and staged a fight back up to Y-1 but failed to get there until the 3rd try. Y-1 cleared but 100% absolute range limited 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
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 Feb 11 to Feb 15 Outlook
Lawrence’s Comment
Formed a top right within the expected zone as mentioned last week and got the significant pullback I was looking for. Closed the week below Y-1 and at week low.
Outlook
This pullback is reaction to the 2nd long term up swing in euro. A more complex drop from here will bring euro back down to the long term support zone as mentioned in my newsletter.
For next week, as long as B-0 is acting as resistance, more downside is expected.
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