Recap A dirty top was formed after the breakout attempt late in the week failed and resulted in a 1-2-3 sell sending the pair down to Y-2. Closed the week at the low.
Outlook More weaknesses is expected. Y-1 to B-0 should act as resistance now to establish the down trend. As long as the resistance zone rejects the pair from going higher, we get B-2.
Lawrence's Comment
Recap
3 Pushes early in the week resulted in a snap back down to below Y+1 and triggered the FBO against Y+1. Tagged Y-0 by end of the week. Weak ...
Lawrence's Comment
Recap
Sold off as expected. Target Y-3 tagged. Easy weekly move completed. Closed the week near Y-2 and midpoint.
Outlook
Gaps above B+1 and below B-1 are in play once ...
Lawrence's Comment
Recap
Pulled back to Y-1 as expected and rallied off there back to Y+1. Still the most predictable pair among the majors. Closed the week near week high.
Outlook
Summer ...
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
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 May 09 to May 13 Outlook
Lawrence’s Comment
A dirty top was formed after the breakout attempt late in the week failed and resulted in a 1-2-3 sell sending the pair down to Y-2. Closed the week at the low.
Outlook
More weaknesses is expected. Y-1 to B-0 should act as resistance now to establish the down trend. As long as the resistance zone rejects the pair from going higher, we get B-2.
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