Recap Gapped below 1.32 and never made it back above. End of week dumping led to normal target Y-2. Closed the week near Y-2 and week low.
Outlook More down side expected. Consolidation week after range expansion week ended up closing at the low is bearish.
Potential short term bottom between Y-3 to B-2 could be formed if euro flushes down there quickly and snap back up. A bottom in that zone points to B+1 and above likely.
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
I am correct that NQ has a consolidation week - choppy move back down to Y-0 pretty much sums up the story. NFP report caused an upside breakout of ...
Lawrence's Comment
Recap
Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts ...
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 Sep 01 to Sep 05 Outlook
Lawrence’s Comment
Gapped below 1.32 and never made it back above. End of week dumping led to normal target Y-2. Closed the week near Y-2 and week low.
Outlook
More down side expected. Consolidation week after range expansion week ended up closing at the low is bearish.
Potential short term bottom between Y-3 to B-2 could be formed if euro flushes down there quickly and snap back up. A bottom in that zone points to B+1 and above likely.
Share