Recap Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low.
Outlook As mentioned last week, the original preferred price range for euro was 1.32 to 1.36. Euro is just hammered down to 1.36 for a wait-and-see game there.
Need to see reaction there to determine if we get an all out drop back into the “allowed range”.
Lawrence's Comment
Recap
Bear flag on 4 hours broken to the down side gave us a nice drop to Y-0. Y-0 support led to a run for week high and then breakout ...
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
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
Y-0 acted as support and then pushed this pair higher. Y+1 breached and then immediately snapped back down. Closed the week above Y-0 and B-0.
Outlook
The magiv 0.96 ...
EURUSD May 26 to May 30 Outlook
Lawrence’s Comment
Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low.
Outlook
As mentioned last week, the original preferred price range for euro was 1.32 to 1.36. Euro is just hammered down to 1.36 for a wait-and-see game there.
Need to see reaction there to determine if we get an all out drop back into the “allowed range”.
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