Recap Consolidation around Y-1. In waiting mode for ECB’s actions this coming week. Closed the week above Y-1 and midpoint.
Outlook All week bear flag near Y-1 is bearish. Consolidation can continue with up drift potential back up to B+2 but it will likely cap the upside. Bear flag support broken will lead to a drop to B-2 and below.
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
Spike low against Y-1 gave us Y-0 as expected. Y-0 resistance forced a drop back down to Y-1. As gold zoomed higher late in the week, it gave fuel ...
ContentReviewEuro Falling But How FarS&P Getting Near Its SupportGold Failed To Hold At Higher SupportBitcoin In Deepsh*t10-Year Note Yield In Melt Up PhaseBig Picture SummaryReviewEuro on its way to find ...
Lawrence's Comment
Recap
Dow zoomed up on no volume initially and exploded to Y+2 with a sharp reversal. Signature blowoff top in place pointing to a drop back down to Y-0. With ...
Lawrence's Comment
Recap
No rally in the beginning of the week sealed the downside move to Y-3. What I did not expect was that bounce actions were so weak on ...
EURUSD Sep 15 to Sep 19 Outlook
Lawrence’s Comment
Consolidation around Y-1. In waiting mode for ECB’s actions this coming week. Closed the week above Y-1 and midpoint.
Outlook
All week bear flag near Y-1 is bearish. Consolidation can continue with up drift potential back up to B+2 but it will likely cap the upside. Bear flag support broken will lead to a drop to B-2 and below.
Share