Recap Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint.
Outlook Inside week closing near both midpoints points to breakout play. Since 1.13 was rejected decisively twice the odds favour a down side breakout with B-2 and B-3 targets.
Lawrence's Comment
Recap
This pair caught me by surprise with a breakout to the downside. When Y-1 rejected the bounce we got a go for Y-3. Flushed all the way down to ...
Lawrence's Comment
Recap
Pure drifting weaknesses. Y-1 acted as resistance yet cable did not drop to Y-2, just drift slowly towards it. Late reversal attempt failed to push cable to ...
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
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 Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint.
Outlook
Inside week closing near both midpoints points to breakout play. Since 1.13 was rejected decisively twice the odds favour a down side breakout with B-2 and B-3 targets.
Share