Recap As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week below Y-2 and near week low.
Outlook Drop is still too controlled meaning more downside risk likely. Cannot rule out a sharp bounce back to B-0 if Euro stages a FBO against B-1 early in the week.
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
Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high.
Outlook
No sign ...
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
Loonie is the odd pair this week as it is not moving with the other majors as US dollar strengthen. Since gold is all over the 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
EURUSD Nov 09 to Nov 13 Outlook
Lawrence’s Comment
As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week below Y-2 and near week low.
Outlook
Drop is still too controlled meaning more downside risk likely. Cannot rule out a sharp bounce back to B-0 if Euro stages a FBO against B-1 early in the week.
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