Recap Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low.
Outlook As mentioned last week, the original preferred price range for euro was 1.32 to 1.36. Euro is just hammered down to 1.36 for a wait-and-see game there.
Need to see reaction there to determine if we get an all out drop back into the “allowed range”.
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
Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high.
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Lawrence's Comment
Recap
Similar to Dow, ES just refused to go lower and continue its pattern of holding the upper range of previous week and pushed higher. When it fails to do ...
EURUSD May 26 to May 30 Outlook
Lawrence’s Comment
Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low.
Outlook
As mentioned last week, the original preferred price range for euro was 1.32 to 1.36. Euro is just hammered down to 1.36 for a wait-and-see game there.
Need to see reaction there to determine if we get an all out drop back into the “allowed range”.
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