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
Y+1 acted as resistance and sent the pair back down to Y-1 as expected. Closed the week near week low and Y-1.
Outlook
Short term top in place meaning ...
EURUSD May 21 to May 25 Outlook
Lawrence’s Comment
Total breakdown since the start of the week. Tagged 2X previous week range and bounced on exhaustion. Closed the week at midpoint.
Outlook
Looking for short term bottom early next week. Multiple downside objectives are completed.
Any rally, however, will likely be capped at 1.30-1.31.
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