Recap As expected, even after breaking Y-1 euro refused to go lower quickly. slow choppy action down to near Y-2. Closed the week near Y-2 and week low.
Outlook 1.33 target still in play. Bottom picking actions so far can lead to a decisive flush towards 1.33 this week. In turn, a temporary bottom will be put in place.
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
Took off from support mentioned last week. Got target Y+2 and above. Closed the week above Y+2 and at week high.
Outlook
No surprise with the short term bottom. ...
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 Jul 28 to Aug 01 Outlook
Lawrence’s Comment
As expected, even after breaking Y-1 euro refused to go lower quickly. slow choppy action down to near Y-2. Closed the week near Y-2 and week low.
Outlook
1.33 target still in play. Bottom picking actions so far can lead to a decisive flush towards 1.33 this week. In turn, a temporary bottom will be put in place.
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