Recap Bearish expectation played out. Struggled around Y-1 / 1.10 round number before giving in by end of week. Closed the week below Y-1 and midpoint.
Outlook FOMC week will decide how far Euro is going to drop. Target of 1.08 still in play.
Lawrence's Comment
Recap
Y+1 failed to hold the pair down led to a quick run up to Y+2 before the pair stalled. Pulled back to midpoint and closed the 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
Lawrence's Comment
Recap
Found support at Y-0 / support zone mentioned last week and started a squeeze up to normal Y+2 target. Resistance at Y+2 dropped Aussie back down to previous week ...
EURUSD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Bearish expectation played out. Struggled around Y-1 / 1.10 round number before giving in by end of week. Closed the week below Y-1 and midpoint.
Outlook
FOMC week will decide how far Euro is going to drop. Target of 1.08 still in play.
Share