Flush to target red zone 1.31 right off the start of the week. Then a reversal started mid week that retested the original target zone – classic wyckoff spring off an important zone. Straight up rally since then and tagged yellow zone by Friday close.
Next week outlook
A new month, yet the same price level has reappeared again. 1.36 area (the green zone) is the October low, November midpoint, and previous quarter high. It will be the first likely target to tag next week.
If price shoot through the green zone first, then the yellow zone will be the likely support area.
If price fails to take out the green zone, selloff to yellow zone as first target and next is red zone down below at 1.31 again.
Lawrence's Comment
Recap
NQ was the strong one and its bullish bias to tag Y+1 was fulfilled in the beginning of the week. From there we got an unusual consolidation around the ...
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
Reacted to the head and shoulders neckline initially and dropped quickly below Y-0. Then an all out rally took place and cleared Y+1 in 1 go. After ...
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 Week of Dec 6th to Dec 10th Outlook
Recap of last week
Flush to target red zone 1.31 right off the start of the week. Then a reversal started mid week that retested the original target zone – classic wyckoff spring off an important zone. Straight up rally since then and tagged yellow zone by Friday close.
Next week outlook
A new month, yet the same price level has reappeared again. 1.36 area (the green zone) is the October low, November midpoint, and previous quarter high. It will be the first likely target to tag next week.
If price shoot through the green zone first, then the yellow zone will be the likely support area.
If price fails to take out the green zone, selloff to yellow zone as first target and next is red zone down below at 1.31 again.
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