Recap Consolidation around Y-1. In waiting mode for ECB’s actions this coming week. Closed the week above Y-1 and midpoint.
Outlook All week bear flag near Y-1 is bearish. Consolidation can continue with up drift potential back up to B+2 but it will likely cap the upside. Bear flag support broken will lead to a drop to B-2 and below.
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
As mentioned last week, any weaknesses would land ES back down to Y-1. We got that right at the beginning of the week. After pullback to mid ...
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 15 to Sep 19 Outlook
Lawrence’s Comment
Consolidation around Y-1. In waiting mode for ECB’s actions this coming week. Closed the week above Y-1 and midpoint.
Outlook
All week bear flag near Y-1 is bearish. Consolidation can continue with up drift potential back up to B+2 but it will likely cap the upside. Bear flag support broken will lead to a drop to B-2 and below.
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