Recap More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint.
Outlook Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as “prescribed” by Merkel was 1.32 to 1.36. A test of 1.36 is likely.
Lawrence's Comment
Recap
NQ failing to clear the open gap above earlier in the week confirmed NQ being the weakest among the indices. Downside target of Y-2 and Y-3 tagged in stair ...
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 May 19 to May 23 Outlook
Lawrence’s Comment
More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint.
Outlook
Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as “prescribed” by Merkel was 1.32 to 1.36. A test of 1.36 is likely.
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