Recap The other easy play last week. Euro could not push higher 1st half of the week. Once week low at the time was broken, euro dropped down to the pocket below Y-1 and then continue its selloff down to Y-2. Closed the week below Y-1 and midpoint.
Outlook The bearish setup mentioned last week is now in place. As long as B-0 / Y-1 acting as resistace, we are looking for a significant drop from here.
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
Y+1 support sent this higher until 100% absolute range expansion is tagged. Consolidated since. Closed the week near Y+1 and below midpoint.
Outlook
Slow rip to higher level suggests ...
Lawrence's Comment
Recap
Less likely scenario occurred in beginning of the week. Downside target Y-2 tagged. Bounced right off target. Y-1 failed to hold it down. By end of the ...
Lawrence's Comment
Recap
Took another 50% expansion to finish majority of the shorts. Ninja reacted to Y+2 and stuck there since. Closed the week above Y+1 and midpoint.
Outlook
Initial shock and ...
Lawrence's Comment
Recap
The less likely scenario presented itself - w. upthrust against Y+1 leading to a quick selloff to Y-1. Flushed thru Y-1 but not quite Y-2 and closed ...
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 Mar 24 to Mar 28 Outlook
Lawrence’s Comment
The other easy play last week. Euro could not push higher 1st half of the week. Once week low at the time was broken, euro dropped down to the pocket below Y-1 and then continue its selloff down to Y-2. Closed the week below Y-1 and midpoint.
Outlook
The bearish setup mentioned last week is now in place. As long as B-0 / Y-1 acting as resistace, we are looking for a significant drop from here.
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