Recap Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below Y+1 and near mipoint.
Outlook Consolidation week closing near midpoint and at reduced range. No significant information from the week. If B-0 holds, a retest of B+1 is likely with B+2 in the card. Y+1 resistance can send Euro back down to B-1.
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
EURUSD May 11 to May 15 Outlook
Lawrence’s Comment
Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below Y+1 and near mipoint.
Outlook
Consolidation week closing near midpoint and at reduced range. No significant information from the week. If B-0 holds, a retest of B+1 is likely with B+2 in the card. Y+1 resistance can send Euro back down to B-1.
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