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
FXCM made a press release regarding their clients losing so much money due to the dramatic move in Euro / Swiss Franc that they owe FXCM approximately $225 million dollars. ...
EURUSD Aug 10 to Aug 14 Outlook
Lawrence’s Comment
Avoided Euro last week and the sudden wild intraday swings last week prove the point. Closed the week below Y-0 and above midpoint.
Outlook
Y-0 / B+1 strong resistance until proven otherwise. Failing to clear the resistance points to a drop back down to B-1 and below.
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