Recap As expected, trapped long from before making Euro not able to clear Y+1 and was forced back down to Y-0 for a retest. Consolidation action at 50% previous week range. Closed above Y-0 and near midpoint.
Outlook Consolidation with weak close implies more test of support is likely. Euro has to hold B-1 before it get a chance to push higher.
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
Y-0 resistance gave us test of Y-1 and it was cleared with the added bonus of clearing the support trend line formed over the past 2 weeks. Normal target ...
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 30 to Apr 03 Outlook
Lawrence’s Comment
As expected, trapped long from before making Euro not able to clear Y+1 and was forced back down to Y-0 for a retest. Consolidation action at 50% previous week range. Closed above Y-0 and near midpoint.
Outlook
Consolidation with weak close implies more test of support is likely. Euro has to hold B-1 before it get a chance to push higher.
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