Recap Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint.
Outlook Weak rally and stalled at Y-0 indicates weaknesses is likely to carry over into this week. B+1 will be difficult resistance to break above. Retest of B-1 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
Bounced back up to Y-0 as expected. How it was done was interesting as speculations now building up whether the new BOE will behave significantly different from the old ...
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 Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint.
Outlook
Weak rally and stalled at Y-0 indicates weaknesses is likely to carry over into this week. B+1 will be difficult resistance to break above. Retest of B-1 is likely.
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