Recap Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint.
Outlook Weak rally and stalled at Y-0 indicates weaknesses is likely to carry over into this week. B+1 will be difficult resistance to break above. Retest of B-1 is likely.
Lawrence's Comment
Recap
Y-0 acted as support early in the week started a strong 1-2-3 buy with Y+3 target. That in turn started a reverse waterfall effect on daily squeezing the shorts ...
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
Dow trapped in Y-0 to Y+1 most of the week until Friday option expiration. It then took off when news about Greece debt agreement were fed out. Closed the ...
EURUSD Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint.
Outlook
Weak rally and stalled at Y-0 indicates weaknesses is likely to carry over into this week. B+1 will be difficult resistance to break above. Retest of B-1 is likely.
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