Recap Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week near Y+2 and above midpoint.
Outlook Consolidation above B-0 / Y+1 will be bullish for a retest of B+1.
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
Euro ended 2014 at the lowest level of the year as explained in my monthly newsletter. Right after new year, it cracked the 1.20 target zone too. Great start ...
For more information about this report please refer to the Market Bias Informant page
Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Avoided Euro last week and the sudden wild intraday swings last week prove the point. Closed the week below Y-0 and above midpoint.
Outlook
Y-0 / B+1 strong resistance ...
USDCAD Jan 21 to Jan 25 Outlook
Lawrence’s Comment
Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week near Y+2 and above midpoint.
Outlook
Consolidation above B-0 / Y+1 will be bullish for a retest of B+1.
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