Recap Wild swing all week. Y+1 FBO gave us a drop to Y-0. Y-0 support gave us the perfect excuse to run this up to 1.14 target. Y+2 resistance sent euro back down below Y+1. Closed the week above Y-0 and below midpoint.
Outlook Strong reaction at 1.14 confirms rejection. As long as Y+1 acting as resistance a drop back down to Y-1 is likely.
Lawrence's Comment
Recap
Keep drifting higher most of the week. Due to holiday week, 50% previous week range around Y+1 bounded the price actions. Closed the week near week low ...
Lawrence's Comment
Recap
News driven market condition as noted in last week's comment materialized. Messy price actions all week due to news / rumours yet our trusted NFP biases all worked out. ...
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 21 to Sep 25 Outlook
Lawrence’s Comment
Wild swing all week. Y+1 FBO gave us a drop to Y-0. Y-0 support gave us the perfect excuse to run this up to 1.14 target. Y+2 resistance sent euro back down below Y+1. Closed the week above Y-0 and below midpoint.
Outlook
Strong reaction at 1.14 confirms rejection. As long as Y+1 acting as resistance a drop back down to Y-1 is likely.
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