Recap Euro drifted up exactly as expected and tagged Y-0 before turning down sharply. Closed near Y-1 with 50% range of prior week.
Outlook A break of B-1 will likely giving just B-2 and B-3 quickly. That means tagging the previous year close.
Be very careful when that happens because government officials can kick start major intervention when they find an excuse that the “irrational currency movement is endangering the euro zone economy”.
Lawrence's Comment
Recap
We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can ...
Lawrence's Comment
Recap
Finally a flush lower was allowed. Y-2 downside target tagged. Then BOJ + Japanese government came out jawboning ninja into reversal. Closed the week above Y-0 and near week ...
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 Apr 16 to Apr 20 Outlook
Lawrence’s Comment
Euro drifted up exactly as expected and tagged Y-0 before turning down sharply. Closed near Y-1 with 50% range of prior week.
Outlook
A break of B-1 will likely giving just B-2 and B-3 quickly. That means tagging the previous year close.
Be very careful when that happens because government officials can kick start major intervention when they find an excuse that the “irrational currency movement is endangering the euro zone economy”.
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