Recap Pullback continued. Y-1 breached yet rallied all the way back to print the high of the week first before stalling back down. Closed the week near Y-1 and below midpoint.
Outlook If Y-1 acts as support this week, we then know last week was a false breakout. That points to a rally back up to Y+1 as long as Y-1 acts as support.
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
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
As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed 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
AUDUSD Oct 01 to Oct 05 Outlook
Lawrence’s Comment
Pullback continued. Y-1 breached yet rallied all the way back to print the high of the week first before stalling back down. Closed the week near Y-1 and below midpoint.
Outlook
If Y-1 acts as support this week, we then know last week was a false breakout. That points to a rally back up to Y+1 as long as Y-1 acts as support.
Share