Recap Y-0 cleared from below, gave us reason to go long and Y+1 was cleared with minimal effort. Y+2 normal target reached. Closed the week below Y+2 and above midpoint.
Outlook Strange rally as usual caused by actions from ECB and EU. The 3 pushes down pattern on daily already gave us a hint that this can happen.
Euro back to long term resistance 1.390 to 1.400. Will be difficult to tell if it is going to hold euro down this time.
Short term resistance at B+1 will give us a pullback to Y+1 / B-0 area.
Lawrence's Comment
Recap
Was looking for resistance at Y+1 going back down to Y-0. We got that and euro was stuck since. Closed the week near Y-0 and below midpoint.
Outlook
Breaking below B-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
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
Pullback to Y-0 support and took off. Upside target Y+2 not tagged yet. Closed the week above Y+1 and near week high.
Outlook
Y+2 still in play. FBO against ...
EURUSD Apr 14 to Apr 18 Outlook
Lawrence’s Comment
Y-0 cleared from below, gave us reason to go long and Y+1 was cleared with minimal effort. Y+2 normal target reached. Closed the week below Y+2 and above midpoint.
Outlook
Strange rally as usual caused by actions from ECB and EU. The 3 pushes down pattern on daily already gave us a hint that this can happen.
Euro back to long term resistance 1.390 to 1.400. Will be difficult to tell if it is going to hold euro down this time.
Short term resistance at B+1 will give us a pullback to Y+1 / B-0 area.
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