Recap Bounced from Y-1 first but failed to go much higher as euro failed to go much further above Y-0. 3 pushes up ended the rally and by the end of the week euro sold off back down to Y-1.
Outlook Still looking for Y-2 / B-2 area to be tagged. The stair step selling formation seldom ends in double bottom.
Lawrence's Comment
Recap
Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed ...
Lawrence's Comment
Recap
Y-1 area acted as support as expected, sending the pair above Y-0. But it failed to stay above Y-0 and dropped back down to Y-1. That started the ...
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 Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Bounced from Y-1 first but failed to go much higher as euro failed to go much further above Y-0. 3 pushes up ended the rally and by the end of the week euro sold off back down to Y-1.
Outlook
Still looking for Y-2 / B-2 area to be tagged. The stair step selling formation seldom ends in double bottom.
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