Lawrence's Comment
Recap
Another week of consolidation as expected. Bear flag in beginning of the week drove the price down to Y-1 for a retest. W. spring formed and sent it back ...
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
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 Oct 29 to Nov 02 Outlook
Lawrence’s Comment
Y-0 did not hold, drifted back down to Y-1. Closed the week above Y-1 and below midpoint.
Outlook
Not a significant sell off. Just drifted lower. No real sense of direction yet.
A push above B-0 will send euro back up to Y+1.
I am more interested in a bounce to Y-0 that fails to go higher. It will be a great short setup with control risk and significant downside potential.
Share