Could not hold the previous bottom and made a new low by end of November. First week of December made yet another new low.
Next week outlook
Bringing up this chart because something interesting is going on with this pair. If the yellow zone is taken out quickly then November low can turn into an important support zone. If that works out, green zone is the 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
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
Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint.
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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
Lawrence's Comment
Recap
Slided further down near Y-2 but bounced off before tagging the price level. Rejected by Y-0 as expected. Closed the week near Y-1 and below midpoint.
Outlook
Turning the top ...
Lawrence's Comment
Recap
Breakout to the downside. Completed 200% range expansion then bounced. Closed at Y-3.
Outlook
Back to long term support zone 76-78 again. Consolidation below B-0 is expected with downside ...
EURAUD Week of Dec 6th to Dec 10th Outlook
Recap of last week
Could not hold the previous bottom and made a new low by end of November. First week of December made yet another new low.
Next week outlook
Bringing up this chart because something interesting is going on with this pair. If the yellow zone is taken out quickly then November low can turn into an important support zone. If that works out, green zone is the target.
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