Recap Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week above midpoint.
Outlook Inside week. Midpoint in same area several weeks in a row now. That means some kind of equilibrium is reached. Until Euro can move out of this range (1.28 to 1.31), it will be micro swings within this range.
Lawrence's Comment
Recap
As expected, Loonie consolidated around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Bullish setup for US dollar to further strengthen against Loonie as consolidation ended with a close above ...
Lawrence's Comment
Recap
Longer term upside target of 1.40 tagged. Trend buy all week as shorter term players forced to deal with volatility they never experienced in the past few years. Closed ...
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 15 to Oct 19 Outlook
Lawrence’s Comment
Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week above midpoint.
Outlook
Inside week. Midpoint in same area several weeks in a row now. That means some kind of equilibrium is reached. Until Euro can move out of this range (1.28 to 1.31), it will be micro swings within this range.
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