Recap As oppose to make a move like Loonie, Aussie, or even Cable. Euro snapped out of its 3 pushes down channel but traded within the range of the week prior to last week. Closed the week at midpoint near Y-0.
Outlook Inside week in place. Week midpoint at around the same level for 2 weeks. Euro is now in breakout mode meaning that trades within Y-1 upto Y+1 would mainly be noise only.
Wait for a strong move that trade outside of this range for direction.
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 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
As oppose to make a move like Loonie, Aussie, or even Cable. Euro snapped out of its 3 pushes down channel but traded within the range of the week prior to last week. Closed the week at midpoint near Y-0.
Outlook
Inside week in place. Week midpoint at around the same level for 2 weeks. Euro is now in breakout mode meaning that trades within Y-1 upto Y+1 would mainly be noise only.
Wait for a strong move that trade outside of this range for direction.
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