Recap Euro held support mentioned last week and rallied to normal Y+2 upside target. Strong reaction against Y+2 gave us a drop back down to Y+1. Closed the week below Y+1 and near week low.
Outlook Spike reversal points to more downside from here. Bear flag is now broken with Y+1 / B-0 strong resistance for a drop back down to B-2 and below.
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 19 to Oct 23 Outlook
Lawrence’s Comment
Euro held support mentioned last week and rallied to normal Y+2 upside target. Strong reaction against Y+2 gave us a drop back down to Y+1. Closed the week below Y+1 and near week low.
Outlook
Spike reversal points to more downside from here. Bear flag is now broken with Y+1 / B-0 strong resistance for a drop back down to B-2 and below.
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