Recap Fed failed to stop euro from further collapse even though throughout last week rumors was spread again and again everyday to pop it higher. Closed the week at Y-1.
Outlook 1.34 is not the target low for last week. The more acceptable level is 1.33 (Y-2) down to 1.32 (Y-3) area for euro to settle down a bit.
If that area is proven to be support, euro can easily bounce back up to 1.36 (B-0).
Lawrence's Comment
Recap
B-0 quickly turned into support and sent euro up above Y+1. 100% absolute range expansion stopped the move. Closed the week above Y+1 and near week high.
Outlook
Euro ...
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
Another week attempting to bottom out from this area. Closed the week back at Y-0 after initial selloff down to Y-1.
Outlook
Holding above B-0 as support and then ...
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
Dow gapped down to longer term critical support level and rallied from there since. Although Dow has tried hard to push higher it did not get Y-0 at the ...
EURUSD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Fed failed to stop euro from further collapse even though throughout last week rumors was spread again and again everyday to pop it higher. Closed the week at Y-1.
Outlook
1.34 is not the target low for last week. The more acceptable level is 1.33 (Y-2) down to 1.32 (Y-3) area for euro to settle down a bit.
If that area is proven to be support, euro can easily bounce back up to 1.36 (B-0).
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