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
Euro did the whiplash move after FBO against the resistance zone mentioned last time. Euro dropped quickly but 1.34 round number somehow provided support. Euro drifted back up since. ...
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
USDCAD Jan 18 to Jan 22 Outlook
Lawrence’s Comment
As expected monthly breakout is giving us more upside and tagged normal Y+3 target. Closed the week near Y+3 and week high.
Outlook
New high still likely. Y+4 resistance will lead to consolidation action around Y+3 / B+1.
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