Recap My comments for euro last week did not show up properly. What I was looking for was normal breakout follow through since last week was outside week with close above the range of the week before.
Anyway, strong pullback to Y-0 first holding the zone. Then the usual stupidity from ECB and EU led to an all out squeeze up again to tag Y+1. Euro could not stop until hitting Y+2. Closed the week above Y+1 and midpoint.
Outlook This 2nd squeeze up created a void that has to be filled. As long as B+1 is acting as resistance, euro will have to backfill the zone down to B-0 and slightly below.
Lawrence's Comment
Recap
Y-1 retested and defended. For more details read the comments on Dow. Closed the week near midpoint.
Outlook
Almost inside week. Y-1 defended means B+1 will be challenged.
Critical ...
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
B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint.
Outlook
Sideway actions with a weak upside triangle formation ...
EURUSD Mar 10 to Mar 14 Outlook
Lawrence’s Comment
My comments for euro last week did not show up properly. What I was looking for was normal breakout follow through since last week was outside week with close above the range of the week before.
Anyway, strong pullback to Y-0 first holding the zone. Then the usual stupidity from ECB and EU led to an all out squeeze up again to tag Y+1. Euro could not stop until hitting Y+2. Closed the week above Y+1 and midpoint.
Outlook
This 2nd squeeze up created a void that has to be filled. As long as B+1 is acting as resistance, euro will have to backfill the zone down to B-0 and slightly below.
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