Recap Perfect pullback to my resistance price and dropped all the way to end of week. Closed the week at the low and below Y-1.
Outlook As mentioned in MBO newsletter, Euro rally cannot be trusted because it is just delay tactics from Euro zone officials. At the end, they always agree to print more.
Daily uptrend broken. As long as 1.30 not breached looking for a drop to 1.26 again.
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
Pullback to Y-0 area as expected. Consolidation within 50% absolute range is also expected. A pretty quite week.
Outlook
The consolidation range created a strong tight range that will take ...
Lawrence's Comment
Recap
Spike low against Y-1 as mentioned last week points to a retest of Y+1. Got the retest and stronger reaction this time sent ninja back down to below Y-0. ...
EURUSD Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Perfect pullback to my resistance price and dropped all the way to end of week. Closed the week at the low and below Y-1.
Outlook
As mentioned in MBO newsletter, Euro rally cannot be trusted because it is just delay tactics from Euro zone officials. At the end, they always agree to print more.
Daily uptrend broken. As long as 1.30 not breached looking for a drop to 1.26 again.
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