Recap Travelled higher to Y+2. Found resistance and moved back down to Y+1. Closed the week above Y+1 and below midpoint.
Outlook As mentioned last week, Euro somehow loves to rally into their bond promotions and then collapse right after. If Euro breaks B-1 / Y-1 and that turns into resistance, we will get a swing top good for months to come.
Holiday mode trading means euro can lock itself into a tight range between B-2 to B-0 over the coming 2 to 3 weeks.
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 indicated last week the end of week rally from the week before was not a sign of reversal. That trapped a lot of longs. ES gapped higher at ...
Lawrence's Comment
Recap
Avoided Euro last week and the sudden wild intraday swings last week prove the point. Closed the week below Y-0 and above midpoint.
Outlook
Y-0 / B+1 strong resistance ...
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 Dec 16 to Dec 20 Outlook
Lawrence’s Comment
Travelled higher to Y+2. Found resistance and moved back down to Y+1. Closed the week above Y+1 and below midpoint.
Outlook
As mentioned last week, Euro somehow loves to rally into their bond promotions and then collapse right after. If Euro breaks B-1 / Y-1 and that turns into resistance, we will get a swing top good for months to come.
Holiday mode trading means euro can lock itself into a tight range between B-2 to B-0 over the coming 2 to 3 weeks.
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