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.
Outlook Measured move upside target reached from the run started 3 weeks ago. 1.14 is key price level for weekly to break the down trend. A spike reversal next week against B+1 will give us Y+1 / B-0.
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
I have been talking about this in my real-time chatroom for quite sometime and many people email me for the specifics. Here is an introduction of market breadth on forex ...
EURUSD Aug 24 to Aug 28 Outlook
Lawrence’s Comment
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.
Outlook
Measured move upside target reached from the run started 3 weeks ago. 1.14 is key price level for weekly to break the down trend. A spike reversal next week against B+1 will give us Y+1 / B-0.
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