Recap Euro FBO against Y+1 in thin trading environment gave us a go for the selloff target Y-1. No pullback whatsoever, Y-1 tagged by the end of the week. Closed the week below Y-1 and near week low.
Outlook Weaknesses going into year end can lead to more selling, although not necessary flush like action as in last week. Holiday mode will limit the actions. Normal year end range is usually trapped within 150 pips.
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
The resistance zone mentioned last week worked out as expected and a retest of Y-1 happened. However there was no breach of that important low and a bottom ...
Lawrence's Comment
Recap
Upside target Y+2 tagged first, then downside target gap fill below was tagged later. Closed the week above Y+1.
Outlook
Stronger than Dow but weaker than NQ. ES has ...
EURUSD Dec 22 to Dec 26 Outlook
Lawrence’s Comment
Euro FBO against Y+1 in thin trading environment gave us a go for the selloff target Y-1. No pullback whatsoever, Y-1 tagged by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Weaknesses going into year end can lead to more selling, although not necessary flush like action as in last week. Holiday mode will limit the actions. Normal year end range is usually trapped within 150 pips.
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