Recap Bear flag broken, dropped to B-1 and below as expected. Bounced back up to Y-0 and led to another drop to week low. Closed the week below Y-1 and at week low.
Outlook Euro is hanging on a thread here above 1.28. A spike low below B-2 can stop the current down move if a strong bounce is resulted from the flush. Until Euro can reclaim B-0, it will not be strong enough to move higher to the longer term resistance at B+2 / Y+3.
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
A easy week with Dow. Pullback to Y-0. Strong reaction to the support. Cleared Y+1 in one go and Y+2 target mentioned last week was quickly right after. In ...
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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 Sep 22 to Sep 26 Outlook
Lawrence’s Comment
Bear flag broken, dropped to B-1 and below as expected. Bounced back up to Y-0 and led to another drop to week low. Closed the week below Y-1 and at week low.
Outlook
Euro is hanging on a thread here above 1.28. A spike low below B-2 can stop the current down move if a strong bounce is resulted from the flush. Until Euro can reclaim B-0, it will not be strong enough to move higher to the longer term resistance at B+2 / Y+3.
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