Recap The support zone mentioned last week worked out very well. B+1 was taken out quickly as expected too. Consolidation scenario played out like a script.
Outlook As the support zone was not breached, more upside to B+2 and B+3 is expected. The more difficult scenario is a grind at B-1 and breaking that slowly. If that happens we will see a difficult ride down to B-2.
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
Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to ...
Lawrence's Comment
Recap
Quick slide down to Y-2 and took off back to above Y+0, just like what I described last week. Pullback / consolidation since. Closed the week below ...
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
EURUSD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
The support zone mentioned last week worked out very well. B+1 was taken out quickly as expected too. Consolidation scenario played out like a script.
Outlook
As the support zone was not breached, more upside to B+2 and B+3 is expected.
The more difficult scenario is a grind at B-1 and breaking that slowly. If that happens we will see a difficult ride down to B-2.
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