Recap Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week above midpoint.
Outlook Inside week. Midpoint in same area several weeks in a row now. That means some kind of equilibrium is reached. Until Euro can move out of this range (1.28 to 1.31), it will be micro swings within this range.
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Lawrence's Comment
Recap
Tested Y+1 alright. Failed at once forcing the pair back down to Y-1. Y-1 failed to act as support opening the door to selling off down to ...
EURUSD Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week above midpoint.
Outlook
Inside week. Midpoint in same area several weeks in a row now. That means some kind of equilibrium is reached. Until Euro can move out of this range (1.28 to 1.31), it will be micro swings within this range.
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