Recap More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint.
Outlook Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as “prescribed” by Merkel was 1.32 to 1.36. A test of 1.36 is likely.
Lawrence's Comment
Recap
Y-1 tested and held up. Ninja was then sent back up to Y-0 and round number at 120. 120 sellers show up and pressed ninja back down. Closed the ...
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 May 19 to May 23 Outlook
Lawrence’s Comment
More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint.
Outlook
Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as “prescribed” by Merkel was 1.32 to 1.36. A test of 1.36 is likely.
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