Recap Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
Outlook The selloff will accelerate quickly should B-2 fails to act as support. To produce a short term bottom, we need to see proper bottoming pattern to form on daily.
Lawrence's Comment
Recap
Rallied to the upside target of Y+2. Found resistance and sold off back down to Y-0 support. Y-0 could not hold it up, resulted in directional slide down to ...
Lawrence's Comment
Recap
Pullback as expected. Down to Y-0 zone as expected. And took off to retest Y+1, then breakout to almost Y+2. Closed the week near high of week.
Outlook
The ...
Lawrence's Comment
Recap
Not even a contest at Y-0, Dow gapped up and cleared Y+1 right from the start. That opened the door to Y+2. Then the reversal right below Y+2 opened ...
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 29 to Mar 04 Outlook
Lawrence’s Comment
Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
Outlook
The selloff will accelerate quickly should B-2 fails to act as support. To produce a short term bottom, we need to see proper bottoming pattern to form on daily.
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