Recap Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint.
Outlook B-1 retest likely. B-2 continuation target.
Lawrence's Comment
Recap
Y+1 turned into support. Consolidation in a tight range as expected. Closed the week near week high.
Outlook
Y+1 acting as support gives Aussie a better odds now to ...
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 Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest likely. B-2 continuation target.
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