Recap Euro moved back down to target mentioned last week. Bounced from there but failed to clear 1.13 / Y-0. Closed the week near Y-1 and below midpoint.
Outlook Y-1 / B-0 confirmed resistance with B-2 in play. Euro zone news is affecting euro hence not a good time to trade 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
Bounced off the close of previous week and zoomed up to Y+1 before it stalled. Y-0 acted as support and sending the pair back up to Y+1 again. ...
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
Uptrend intact in beginning of the week gave us the Y+2 target. Then violent takedown breached Y-0 key up channel support. Waterfall effect brought cable straight down to Y-3 ...
Lawrence's Comment
Recap
The bounce back to B-0 was expected but you cannot predict the time that the governments would take action in the scale like last week. The interesting ...
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 28 to Oct 02 Outlook
Lawrence’s Comment
Euro moved back down to target mentioned last week. Bounced from there but failed to clear 1.13 / Y-0. Closed the week near Y-1 and below midpoint.
Outlook
Y-1 / B-0 confirmed resistance with B-2 in play. Euro zone news is affecting euro hence not a good time to trade Euro.
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