Recap Right after the announcement of a solution to their crisis, a new one pops up from Greece caused euro to erase all its gain from the week prior. Traded the rest of the week between Y-2 to Y-1. Closed the week below Y-1.
Outlook Visible bear flag on 4 hours points to further selloff is likely. The downside target is Y-2. If that can hold, a test of B-0 is likely.
Failing to bounce from Y-2 points to the next downside target around 1.34 area.
Lawrence's Comment
Recap
The resistance zone was not even tested and ES simply gapped down and slide to Y-2 before its first paused. Failing again to fill the gap above to ...
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
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 Nov 07 to Nov 11 Outlook
Lawrence’s Comment
Right after the announcement of a solution to their crisis, a new one pops up from Greece caused euro to erase all its gain from the week prior. Traded the rest of the week between Y-2 to Y-1. Closed the week below Y-1.
Outlook
Visible bear flag on 4 hours points to further selloff is likely. The downside target is Y-2. If that can hold, a test of B-0 is likely.
Failing to bounce from Y-2 points to the next downside target around 1.34 area.
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