Recap Euro consolidated around Y-1 and then flushed lower. Y-2 target tagged and bounced back up to week mid and failed to push higher. Closed the week below Y-1 and midpoint.
Outlook Not quite there towards the downside target as projected from the initial flush from Y+1 down to Y-1. The 1.33 price level produced a strong bounce that should increase the hope of the long side and inducing more people jumping onto the boat. As long as Y-1 / B-0 is not breached, looking for another flush down to below B-2.
Lawrence's Comment
Recap
Spent most part of the week above Y-0 and right below Y+1 but failed to make a push above Y+1. Then the pair simply dropped through Y-0 as if ...
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
Congested for 2 days, then went higher until 50% absolute range expansion is reached. Then congested there for the rest of the week.
Outlook
The big rally was caused ...
Lawrence's Comment
Recap
Not even a contest at Y-0, Dow gapped up and cleared Y+1 right from the start. That opened the door to Y+2. Then the reversal right below Y+2 opened ...
EURUSD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Euro consolidated around Y-1 and then flushed lower. Y-2 target tagged and bounced back up to week mid and failed to push higher. Closed the week below Y-1 and midpoint.
Outlook
Not quite there towards the downside target as projected from the initial flush from Y+1 down to Y-1. The 1.33 price level produced a strong bounce that should increase the hope of the long side and inducing more people jumping onto the boat. As long as Y-1 / B-0 is not breached, looking for another flush down to below B-2.
Share