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.
Lawrence's Comment
Recap
Consolidated below Y+1. Sellers failed to push cable lower. Breakout to the upside at the end. Closed the week above Y+1 and near week high.
Outlook
Upside breakout confirmed. As long ...
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
As expected Dow failed to take out Y+1 and sold off back down to Y-0 area. Better yet, completed a measured down move and slided below B-1 with ...
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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