Recap Euro spiked higher above Y+1, but failed immediately back below Y-0, staging an all out breakdown. Yet, it drifted higher since until midpoint of week was tagged. Closed the week near Y-0 and below midpoint.
Outlook On track to break B-1 to form a strong swing top that can last for weeks. Once B-1 is breached and that turning into resistance B-3 target is expected.
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
As expected monthly breakout is giving us more upside and tagged normal Y+3 target. Closed the week near Y+3 and week high.
Outlook
New high still likely. Y+4 resistance ...
Lawrence's Comment
Recap
Y+1 resistance with BoJ announcement killed the upside immediately. News shock target of Y-1 cleared with Y-2 almost tagged. Closed the week near Y-2 and week low.
Outlook
Reactionary ...
EURUSD Apr 22 to Apr 26 Outlook
Lawrence’s Comment
Euro spiked higher above Y+1, but failed immediately back below Y-0, staging an all out breakdown. Yet, it drifted higher since until midpoint of week was tagged. Closed the week near Y-0 and below midpoint.
Outlook
On track to break B-1 to form a strong swing top that can last for weeks. Once B-1 is breached and that turning into resistance B-3 target is expected.
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