Recap Easy play of last week. 3 pushes up pattern mentioned last week sent Euro straight back down to my target. Closed the week below Y-1 and near week low.
Outlook Euro weekly pullback over, back to trend sell on daily. Y-0 / B-0 now strong resistance.
Lawrence's Comment
Recap
Just like Dow and NQ, ES tried hard to clear Y+1 and failed. Stalled back down to Y-0 and found support. 2nd try cleared Y+1 and got my upside ...
Lawrence's Comment
Recap
Started the week with bear flag and broken down to Y-2 quickly. That triggered waterfall effect to drop lower as there was no support nearby as explained last week. ...
Lawrence's Comment
Recap
The breakout upside trade we were looking for happened exactly as expected. Closed the week above Y+2 as well.
Outlook
A pullback to Y+1 is possible but not necessary. ...
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 May 25 to May 29 Outlook
Lawrence’s Comment
Easy play of last week. 3 pushes up pattern mentioned last week sent Euro straight back down to my target. Closed the week below Y-1 and near week low.
Outlook
Euro weekly pullback over, back to trend sell on daily. Y-0 / B-0 now strong resistance.
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