Recap Euro drifted lower and consolidated around Y-1. As euro dropped lower, European officials came out b.s. all the way to keep the currency stable again. Closed the week at Y-1 and above midpoint.
Outlook If a bottom is found, euro should pop higher to B+1 and that B-0 will act as support on pullback. That points to a run back up to B+2.
As long as B-0 to B+1 acting as resistance, more down side is expected.
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
Bullish target above Y+1 tagged in the beginning of the week as expected. Then the surprise part was a quick run down breaking Y-1 in one go. That ...
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
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 09 to Sep 13 Outlook
Lawrence’s Comment
Euro drifted lower and consolidated around Y-1. As euro dropped lower, European officials came out b.s. all the way to keep the currency stable again. Closed the week at Y-1 and above midpoint.
Outlook
If a bottom is found, euro should pop higher to B+1 and that B-0 will act as support on pullback. That points to a run back up to B+2.
As long as B-0 to B+1 acting as resistance, more down side is expected.
Share