Recap FBO against Y+1 gave us Y-0 and the next support below. Closed the week above Y-0 and midpoint.
Outlook Non-stop intervention by ECB and other central banks, Euro has been wasting all its fuel to hold up in the current level. Once a breakdown below 1.10 started, it will be very difficult to stop until Euro going down to below 1.0.
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
FBO against Y+1 gave us Y-0 and the next support below. Closed the week above Y-0 and midpoint.
Outlook
Non-stop intervention by ECB and other central banks, Euro has been wasting all its fuel to hold up in the current level. Once a breakdown below 1.10 started, it will be very difficult to stop until Euro going down to below 1.0.
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