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
A repeat of previous week's tight range up drift. Supports were bought and no weaknesses / price break to sell into. 2nd test of previous week close gave Dow ...
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
Consolidated around Y+1 until late in the week where it zoomed to new high for the week. Closed the week above Y+1 and midpoint.
Outlook
If it is going to breakout ...
Lawrence's Comment
Recap
A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week ...
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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