Recap Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2.
Outlook Slow structured drop is not the norm in currencies. And we got just that across many majors. It is not a good sign because it means chaos ahead.
Euro holding B-1 and clear B-0 quickly will give us a run back up to B+2.
Failing to clear B-0 will give us another leg down. B-2 is the next downside 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
Tight range. No news. No move. Closed the week at midpoint and Y-0.
Outlook
Breakout mode. Original trend entering the consolidation was up. So, upside breakout has a slight ...
Lawrence's Comment
Recap
First half of the week showing signs of reduced range and consolidation behaviour. Then the spike up to challenge Y-0 failed, led to all out melt down. NQ could ...
EURUSD May 20 to May 24 Outlook
Lawrence’s Comment
Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2.
Outlook
Slow structured drop is not the norm in currencies. And we got just that across many majors. It is not a good sign because it means chaos ahead.
Euro holding B-1 and clear B-0 quickly will give us a run back up to B+2.
Failing to clear B-0 will give us another leg down. B-2 is the next downside target.
Share