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
Consolidation expectation was correct with ninja dropped back down near Y-1 at the support area mentioned last week. Bounce from support failed to clear Y-0 led to another drop ...
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 27 to Jul 31 Outlook
Lawrence’s Comment
Euro bounced off Y-1 back to Y-0 / 1.10 long term support which is now strong resistance. Closed the week below Y-0 and above midpoint.
Outlook
Euro daily level bear flag. Not the time to be bullish until Y-0 / 1.10 turning into support again.
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