Recap Y-0 resistance sent Euro lower. Y-1 not strong support as explained last time. Euro found support after 100% absolute range expansion to the down side. Strong bounce back up to Y-0 and rejected. Closed the week below Y-1 and midpoint.
Outlook A push down to test 1.06 is in the making. The question is whether Euro zone will do something about it. The emergency meeting called by the Fed and other central bankers this Sunday é Monday may produce a lot of surprises to the trading communities.
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 in 50% previous week range after wide range week is normal. Closed the week above Y-0 and midpoint.
Outlook
Ledge on 4 hour points to continuation of the ...
Lawrence's Comment
Recap
Y-1 / Y-0 zone defended early in the week points to a test of Y+1 coming. Y+1 cleared with ease and ended the daily down trend. Normal upside target ...
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
The more predictable pair as usual. Held Y-0 and rallied to upside target mentioned last week. Not impressive strong run though. Closed the week above Y+1 and near week ...
Not sure what to expect from the election but the outcome from that can be major game changing event in how dollar yen will move in coming months. In turn, ...
EURUSD Nov 23 to Nov 27 Outlook
Lawrence’s Comment
Y-0 resistance sent Euro lower. Y-1 not strong support as explained last time. Euro found support after 100% absolute range expansion to the down side. Strong bounce back up to Y-0 and rejected. Closed the week below Y-1 and midpoint.
Outlook
A push down to test 1.06 is in the making. The question is whether Euro zone will do something about it. The emergency meeting called by the Fed and other central bankers this Sunday é Monday may produce a lot of surprises to the trading communities.
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