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
Consolidated around Y-0 and Y-1. Closed the week above Y-1.
Outlook
If Y-1 acts as support and send the pair above 1.06 area, the 4 hour level down trend ...
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
First move to test Y+1 found resistance. Gave us Y-1 target. Dropped to Y-1 and breached the support as if it is not there. Closed the week below Y-1 ...
EURUSD May 21 to May 25 Outlook
Lawrence’s Comment
Total breakdown since the start of the week. Tagged 2X previous week range and bounced on exhaustion. Closed the week at midpoint.
Outlook
Looking for short term bottom early next week. Multiple downside objectives are completed.
Any rally, however, will likely be capped at 1.30-1.31.
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