Recap Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below Y+1 and near mipoint.
Outlook Consolidation week closing near midpoint and at reduced range. No significant information from the week. If B-0 holds, a retest of B+1 is likely with B+2 in the card. Y+1 resistance can send Euro back down to B-1.
Lawrence's Comment
Recap
Aussie dropped down to Y-2 as expected. Tight range at 50% previous week range. Multiple tried in real-time to bounce higher yet previous week close held it down. 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
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
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 11 to May 15 Outlook
Lawrence’s Comment
Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below Y+1 and near mipoint.
Outlook
Consolidation week closing near midpoint and at reduced range. No significant information from the week. If B-0 holds, a retest of B+1 is likely with B+2 in the card. Y+1 resistance can send Euro back down to B-1.
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