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.
Lawrence's Comment
Recap
Overnight ES dropped below 2000 and the buying started right on schedule. The straight up reversal surprised many traders and created a short squeeze later in the week forcing ...
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 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