Recap Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 and midpoint.
Outlook A longer term sell formation in place. More weaknesses expected as long as Y-1 / B-0 is acting as resistance.
Euro can drop quite a bit lower from here as there is no real support until 1.30.
Lawrence's Comment
Recap
Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening the ...
Lawrence's Comment
Recap
Pullback to support zone mentioned last week as expected. Attempt to bounce back up failed to clear 1.57 weekly resistance. Closed the week below Y-0 and midpoint.
Outlook
Inside ...
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 02 to Sep 06 Outlook
Lawrence’s Comment
Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 and midpoint.
Outlook
A longer term sell formation in place. More weaknesses expected as long as Y-1 / B-0 is acting as resistance.
Euro can drop quite a bit lower from here as there is no real support until 1.30.
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