Recap Consolidation around Y-1. In waiting mode for ECB’s actions this coming week. Closed the week above Y-1 and midpoint.
Outlook All week bear flag near Y-1 is bearish. Consolidation can continue with up drift potential back up to B+2 but it will likely cap the upside. Bear flag support broken will lead to a drop to B-2 and below.
Lawrence's Comment
Recap
The support zone mentioned last week worked out very well. B+1 was taken out quickly as expected too. Consolidation scenario played out like a script.
Outlook
As the support zone ...
Lawrence's Comment
Recap
Cable almost tagged both Y+1 and Y-1 quickly as it zoomed away from Y-0 as suggested last week. Yet no breakout of the range and closed the ...
Lawrence's Comment
Recap
Dow trapped in Y-0 to Y+1 most of the week until Friday option expiration. It then took off when news about Greece debt agreement were fed out. Closed the ...
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 15 to Sep 19 Outlook
Lawrence’s Comment
Consolidation around Y-1. In waiting mode for ECB’s actions this coming week. Closed the week above Y-1 and midpoint.
Outlook
All week bear flag near Y-1 is bearish. Consolidation can continue with up drift potential back up to B+2 but it will likely cap the upside. Bear flag support broken will lead to a drop to B-2 and below.
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