Recap Bottom from last week acting as support as expected but situation in Ukraine and banking problems in Europe is turning the pair into a mess. Closed the week above Y-0 and midpoint.
Outlook Inside week closing above Y-0 and midpoint. Not as strong as one would like to see. Setting up FBO on the boundary (Y+1 and Y-1) that tagged first with the other end next.
Lawrence's Comment
Recap
Gapped lower to start the week yet rumors and b.s. from European officials helped Euro to drift higher towards Y-0. Closed the week below Y-0 and above midpoint.
...
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
NQ 4300 resistance led to FBO against Y+1 setup materialized giving us Y-1. Since then Y-0 resistance gave us break down play to Y-2. Closed the week near Y-2 ...
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 Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Bottom from last week acting as support as expected but situation in Ukraine and banking problems in Europe is turning the pair into a mess. Closed the week above Y-0 and midpoint.
Outlook
Inside week closing above Y-0 and midpoint. Not as strong as one would like to see. Setting up FBO on the boundary (Y+1 and Y-1) that tagged first with the other end next.
Share