Recap Upside breakout after compression around Y-0. 100% expansion off the tight range tagged by end of the week but failed to tag the normal Y+2 target. Closed the week above Y+1 and midpoint.
Outlook Weak breakout means euro has to prove its strength by holding up at Y+1. Failing to do so will form a bear flag on 4 hours and daily forcing it to retest Y-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
Lawrence's Comment
Recap
Fed failed to stop euro from further collapse even though throughout last week rumors was spread again and again everyday to pop it higher. Closed the week at ...
EURUSD Oct 12 to Oct 16 Outlook
Lawrence’s Comment
Upside breakout after compression around Y-0. 100% expansion off the tight range tagged by end of the week but failed to tag the normal Y+2 target. Closed the week above Y+1 and midpoint.
Outlook
Weak breakout means euro has to prove its strength by holding up at Y+1. Failing to do so will form a bear flag on 4 hours and daily forcing it to retest Y-0.
Share