Recap Euro got its 1.32 test and zoomed thru it to Y+2 and 1.33. Closed the week above Y+2 and midpoint.
Outlook Thin rising wedge / up channel in place. It is not, however, a bullish pattern. If Euro failed to stay above Y+1 / B-0 and that turns into resistance, I am looking for a quick flush back down to B-3.
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
Dow completely dominated by bottom pickers in the beginning of the week. Hence failed to clear the previous week close from below. As new low printed mid week, the ...
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 Jul 29 to Aug 02 Outlook
Lawrence’s Comment
Euro got its 1.32 test and zoomed thru it to Y+2 and 1.33. Closed the week above Y+2 and midpoint.
Outlook
Thin rising wedge / up channel in place. It is not, however, a bullish pattern. If Euro failed to stay above Y+1 / B-0 and that turns into resistance, I am looking for a quick flush back down to B-3.
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