Recap The other easy play last week. Euro could not push higher 1st half of the week. Once week low at the time was broken, euro dropped down to the pocket below Y-1 and then continue its selloff down to Y-2. Closed the week below Y-1 and midpoint.
Outlook The bearish setup mentioned last week is now in place. As long as B-0 / Y-1 acting as resistace, we are looking for a significant drop from here.
Lawrence's Comment
Recap
Previous week close acted as support leading to a bounce back up to resistance zone mentioned last week. Y-0 acted as support near end of the week helped Euro ...
Lawrence's Comment
Recap
Ninja held Y+1 and zoomed to Y+2 quickly. Y+2 turned into support and rallied higher to above Y+3. Closed the week above Y+3 and midpoint.
Outlook
124 is long ...
Lawrence's Comment
Recap
Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high.
Outlook
No sign ...
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 Mar 24 to Mar 28 Outlook
Lawrence’s Comment
The other easy play last week. Euro could not push higher 1st half of the week. Once week low at the time was broken, euro dropped down to the pocket below Y-1 and then continue its selloff down to Y-2. Closed the week below Y-1 and midpoint.
Outlook
The bearish setup mentioned last week is now in place. As long as B-0 / Y-1 acting as resistace, we are looking for a significant drop from here.
Share