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
First move in the week caught me by surprise - zoomed to Y+2 first before stalling back down to Y-1. Closed the week near week low.
Outlook
Last week ...
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.
Share