Recap False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. Closed the week at the low.
Outlook As long as the pair stays below Y-2, the downside breakout is intact and points to Y-4 to Y-5 as target.
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
Right after the announcement of a solution to their crisis, a new one pops up from Greece caused euro to erase all its gain from the week prior. ...
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
Y-0 resistance dropped Dow to Y-1 and then Y-2. Found support at Y-2 and zoomed back up to Y-1 and NFP Friday took Dow up to Y+1.
Outlook
Not ...
EURUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. Closed the week at the low.
Outlook
As long as the pair stays below Y-2, the downside breakout is intact and points to Y-4 to Y-5 as target.
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