Recap Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint.
Outlook The drop in euro is affected by both ECB jawboning and BOJ action. It is lack of volume that dropped euro lower. If Euro can hold B-1 next week a run back up to above B-0 is likely.
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
NQ was the only normal index out of the big 3 last week. Test of Y-0 gave us a break below Y-1. Found support at 3400 round number. Spike ...
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 Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint.
Outlook
The drop in euro is affected by both ECB jawboning and BOJ action. It is lack of volume that dropped euro lower. If Euro can hold B-1 next week a run back up to above B-0 is likely.
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