Recap Fed failed to stop euro from further collapse even though throughout last week rumors was spread again and again everyday to pop it higher. Closed the week at Y-1.
Outlook 1.34 is not the target low for last week. The more acceptable level is 1.33 (Y-2) down to 1.32 (Y-3) area for euro to settle down a bit.
If that area is proven to be support, euro can easily bounce back up to 1.36 (B-0).
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
Lawrence's Comment
Recap
Was looking for a drop but not as steep as what happened. Weak right from the beginning of the week failed to hold Y-0 points to a ...
EURUSD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Fed failed to stop euro from further collapse even though throughout last week rumors was spread again and again everyday to pop it higher. Closed the week at Y-1.
Outlook
1.34 is not the target low for last week. The more acceptable level is 1.33 (Y-2) down to 1.32 (Y-3) area for euro to settle down a bit.
If that area is proven to be support, euro can easily bounce back up to 1.36 (B-0).
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