Recap Previous week close acted as support leading to a bounce back up to resistance zone mentioned last week. Y-0 acted as support near end of the week helped Euro pushing towards Y+1. Closed the week above Y-0 and midpoint.
Outlook Inside week points to breakout mode. Euro dropping below Y-0 / B-0 without challenging B+1 points to B-1 and B-2 in play.
Lawrence's Comment
Recap
Out of the 3 indices, ES is the worst offender among them in trapping the bears. Gap higher to start the week and drifted lower into FOMC announcement. Then ...
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
Expected to see lower price and we got that. It turned into a FBO against Y-1 which triggered the Y+1 target. Y+1 only offered a pause. 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
Lawrence's Comment
Recap
Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook
Pullback as expected. ...
EURUSD Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Previous week close acted as support leading to a bounce back up to resistance zone mentioned last week. Y-0 acted as support near end of the week helped Euro pushing towards Y+1. Closed the week above Y-0 and midpoint.
Outlook
Inside week points to breakout mode. Euro dropping below Y-0 / B-0 without challenging B+1 points to B-1 and B-2 in play.
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