Recap Perfect pullback to my resistance price and dropped all the way to end of week. Closed the week at the low and below Y-1.
Outlook As mentioned in MBO newsletter, Euro rally cannot be trusted because it is just delay tactics from Euro zone officials. At the end, they always agree to print more.
Daily uptrend broken. As long as 1.30 not breached looking for a drop to 1.26 again.
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
Attempt to form higher timeframe bull flag failed. Daily bull flag upside breakout gave us Y+1 and then Y+2. Closed the week above Y+1 and midpoint.
Outlook
Strong uptrend ...
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 05 to Nov 09 Outlook
Lawrence’s Comment
Perfect pullback to my resistance price and dropped all the way to end of week. Closed the week at the low and below Y-1.
Outlook
As mentioned in MBO newsletter, Euro rally cannot be trusted because it is just delay tactics from Euro zone officials. At the end, they always agree to print more.
Daily uptrend broken. As long as 1.30 not breached looking for a drop to 1.26 again.
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