Recap As oppose to make a move like Loonie, Aussie, or even Cable. Euro snapped out of its 3 pushes down channel but traded within the range of the week prior to last week. Closed the week at midpoint near Y-0.
Outlook Inside week in place. Week midpoint at around the same level for 2 weeks. Euro is now in breakout mode meaning that trades within Y-1 upto Y+1 would mainly be noise only.
Wait for a strong move that trade outside of this range for direction.
Lawrence's Comment
Recap
No pullback, just consolidation in tight range around previous week close / high zone. NQ then took off with ES and Dow upon the non-resolution in Europe on Friday. ...
Lawrence's Comment
Recap
Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed ...
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
Pulled back to Y-0 and bounced right off. Retested Y+1 and consolidating around it. Closed the week near Y+1 and above midpoint.
Outlook
The pullback and then the retest ...
EURUSD Aug 15 to Aug 19 Outlook
Lawrence’s Comment
As oppose to make a move like Loonie, Aussie, or even Cable. Euro snapped out of its 3 pushes down channel but traded within the range of the week prior to last week. Closed the week at midpoint near Y-0.
Outlook
Inside week in place. Week midpoint at around the same level for 2 weeks. Euro is now in breakout mode meaning that trades within Y-1 upto Y+1 would mainly be noise only.
Wait for a strong move that trade outside of this range for direction.
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