Recap Euro slided down like cable from their own crisis rumors / news shock. Made new low against Y-1 but successfully recovered back above Y-1. Although stopped at mid week resistance, it still managed to close the week above Y-1.
Outlook 3 tries pushing down and bounced back above Y-1. That is bullish.
As long as Y-1 down to B-1 can act as support, upside target is B+2.
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 21 to Nov 25 Outlook
Lawrence’s Comment
Euro slided down like cable from their own crisis rumors / news shock. Made new low against Y-1 but successfully recovered back above Y-1. Although stopped at mid week resistance, it still managed to close the week above Y-1.
Outlook
3 tries pushing down and bounced back above Y-1. That is bullish.
As long as Y-1 down to B-1 can act as support, upside target is B+2.
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