Recap Found support at previous week close and took off to test Y+1. Held up near Y+1 at previous support and breakout to Y+2. Strong reaction there led to breaking below Y+1.Closed the week above Y-0 and near midpoint.
Outlook Odd shape up channel / bear flag on daily. If 1.12 acts as support, a push to 1.14 is possible. Breaking below Y-0 will give us B-1 / Y-1. Breaking below there points to much lower price levels in play.
Lawrence's Comment
Recap
Slided down to Y-2 and in turn stops are triggered leading to Y-3. Support at Y-3 gave us consolidation actions since. Closed the week below Y-2 and midpoint.
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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
Lawrence's Comment
Recap
Bullish scenario unfolded and tagged Y+2 target. STOPD swing in its simplest form. Closed the week at its high.
Outlook
Should move higher above B+1 early in the week. ...
EURUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Found support at previous week close and took off to test Y+1. Held up near Y+1 at previous support and breakout to Y+2. Strong reaction there led to breaking below Y+1.Closed the week above Y-0 and near midpoint.
Outlook
Odd shape up channel / bear flag on daily. If 1.12 acts as support, a push to 1.14 is possible. Breaking below Y-0 will give us B-1 / Y-1. Breaking below there points to much lower price levels in play.
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