Recap Downside bias happened and tagged downside target of Y-2. But dropped in a 3 pushes down manner instead of a selloff. Closed the week above midpoint.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
Lawrence's Comment
Recap
Simply stuck since open of the week. Late rally in end of week tried to push itself above the weekly close prior to the crisis week and failed.
Outlook
If ...
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 Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Downside bias happened and tagged downside target of Y-2. But dropped in a 3 pushes down manner instead of a selloff. Closed the week above midpoint.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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