Recap As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week below Y-2 and near week low.
Outlook Drop is still too controlled meaning more downside risk likely. Cannot rule out a sharp bounce back to B-0 if Euro stages a FBO against B-1 early in the week.
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 Nov 09 to Nov 13 Outlook
Lawrence’s Comment
As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week below Y-2 and near week low.
Outlook
Drop is still too controlled meaning more downside risk likely. Cannot rule out a sharp bounce back to B-0 if Euro stages a FBO against B-1 early in the week.
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