Recap Euro tried to hold Y-1 but failed to clear 1.13 and eventually failed to hold above 1.12. Tight range consolidation. Closed the week near Y-1 and below midpoint.
Outlook Long term resistance 1.12 and above now confirmed resistance again after the violent FBO 2 weeks ago. B-0 / B+1 zone resistance points to continuation play with B-3 and below target.
Lawrence's Comment
Recap
As expected this pair moved lower slowly towards 0.98. Found some support at Y-2. Closed the week at midpoint and above Y-2.
Outlook
Signs of support but too weak to ...
Lawrence's Comment
Recap
Weaknesses continue as expected. First try testing Y-0 failed leading to new low for the week. The w. spring type action still fail to take the pair to ...
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 07 to Sep 11 Outlook
Lawrence’s Comment
Euro tried to hold Y-1 but failed to clear 1.13 and eventually failed to hold above 1.12. Tight range consolidation. Closed the week near Y-1 and below midpoint.
Outlook
Long term resistance 1.12 and above now confirmed resistance again after the violent FBO 2 weeks ago. B-0 / B+1 zone resistance points to continuation play with B-3 and below target.
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