Recap Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint.
Outlook Inside week closing near both midpoints points to breakout play. Since 1.13 was rejected decisively twice the odds favour a down side breakout with B-2 and B-3 targets.
Lawrence's Comment
Recap
Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed ...
Lawrence's Comment
Recap
Breakout above Y+1 forced shorts to give up and a drift back up to the crime scene where the original strong selloff reaction started. Once the crime scene was ...
Lawrence's Comment
Recap
Y-0 breached early in the week put Y+1 in play. Y+1 tagged but cable failed to hold above it. Stuggled between Y+1 and Y-0 since. Closed the week above ...
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 05 to Oct 09 Outlook
Lawrence’s Comment
Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint.
Outlook
Inside week closing near both midpoints points to breakout play. Since 1.13 was rejected decisively twice the odds favour a down side breakout with B-2 and B-3 targets.
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