Recap Previous week close acted as support leading to a bounce back up to resistance zone mentioned last week. Y-0 acted as support near end of the week helped Euro pushing towards Y+1. Closed the week above Y-0 and midpoint.
Outlook Inside week points to breakout mode. Euro dropping below Y-0 / B-0 without challenging B+1 points to B-1 and B-2 in play.
Lawrence's Comment
Recap
Bad data from last week is messing up the chart. Notified my staff to look into this.
Tight range breakout to the downside. Y-3 target tagged and found support there. ...
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
Lawrence's Comment
Recap
Dow moved back to 18000 before its wild swings lower. All week gaps not filled and price actions going wild. Closed the week above Y-2 and below midpoint.
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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
Lawrence's Comment
Recap
FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint.
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EURUSD Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Previous week close acted as support leading to a bounce back up to resistance zone mentioned last week. Y-0 acted as support near end of the week helped Euro pushing towards Y+1. Closed the week above Y-0 and midpoint.
Outlook
Inside week points to breakout mode. Euro dropping below Y-0 / B-0 without challenging B+1 points to B-1 and B-2 in play.
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