Recap Failed to hold above Y-1. Drifting around Y-1 all week. Closed the week near week low and below Y-1.
Outlook As mentioned in last weekly commentaries on euro, once Y-1 is breached, the door to Y-3 is opened. As long as B+1 stays as resistance, Y-3 / B-3 is the target.
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
Lawrence's Comment
Recap
Y-0 acted as support as expected and Y+2 upside target tagged early in the week. Then Y+1 acting as support gave us a go for Y+3. Closed 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
Lawrence's Comment
Recap
Pullback to support zone mentioned last week. That held up well and sent ES striaght up to Y+1. FOMC announcement induced volatility and ended up resolving to the upside. ...
EURUSD Oct 01 to Oct 05 Outlook
Lawrence’s Comment
Failed to hold above Y-1. Drifting around Y-1 all week. Closed the week near week low and below Y-1.
Outlook
As mentioned in last weekly commentaries on euro, once Y-1 is breached, the door to Y-3 is opened. As long as B+1 stays as resistance, Y-3 / B-3 is the target.
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