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
Got Y+1 target right from the start. Then failed to stay above Y+1 and induced a flush back down to fill the gap and tag Y-0. The flush continued ...
Lawrence's Comment
Recap
Up trend line on 4 hour breached early in the week. This led to Y-1 and a test of the wide range bar below where the breakout started 2 ...
Lawrence's Comment
Recap
Y-0 acted as resistance and down trend continue as expected. Closed the week at Y-1.
Outlook
Interesting turning point in the making if the pair can jump up 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
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.
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