Recap Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week above midpoint.
Outlook Inside week. Midpoint in same area several weeks in a row now. That means some kind of equilibrium is reached. Until Euro can move out of this range (1.28 to 1.31), it will be micro swings within this range.
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
Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high.
Outlook
Cable anchored itself to ...
EURUSD Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week above midpoint.
Outlook
Inside week. Midpoint in same area several weeks in a row now. That means some kind of equilibrium is reached. Until Euro can move out of this range (1.28 to 1.31), it will be micro swings within this range.
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