Recap Euro in wait and see mode early part of the week for the outcome from Euro zone meeting. After that euro drifted higher but not by much. Closed the week below Y0 and above midpoint.
Outlook Tight range week looking for direction. Resistance above confirmed. Until Y+1 / B+2 is cleared, Euro is more likely to drop back down to B-3 to retest the spike low in coming weeks.
Lawrence's Comment
Recap
Yeary STOPD expansion target Y+1 stopped the run and led to the first significant pullback in months. Directional drop from previous week close straight down to Y-1 and 100% ...
Lawrence's Comment
Recap
Euro drifted higher to test normal Y+2 upside target and failed to clear it. Brexit brings it down below Y-1 and gave us the breakout target of Y-3. Closed ...
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
Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a flush ...
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 16 to Feb 20 Outlook
Lawrence’s Comment
Euro in wait and see mode early part of the week for the outcome from Euro zone meeting. After that euro drifted higher but not by much. Closed the week below Y0 and above midpoint.
Outlook
Tight range week looking for direction. Resistance above confirmed. Until Y+1 / B+2 is cleared, Euro is more likely to drop back down to B-3 to retest the spike low in coming weeks.
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