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
Popped back up to Y+1 as expected. Closed above Y-0 and near midpoint.
Outlook
Long term bottom in place so this is part of the long term process of building ...
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 27 to Oct 31 Outlook
Lawrence’s Comment
As expected euro is too weak to hold onto its gains. Flushed back down to Y-1 and stuck there. Closed the week below Y-0 and midpoint.
Outlook
4 Hour bear flag in place. Y-0 / B-0 strong resistance above. A drop to B-2 is likely if euro breaks B-1 without tagging B-0 first.
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