Recap No surpirse at all – pulled back to Y-0. Found support and then push back up to test Y+1. Did not clear it and stalled. Closed the week near midpoint and above Y-0.
Outlook Inside week. Tight range week. Strong breakout setup in place. Odds favour the upside first even if it is a false breakout. Can push as high as B+3 right after breakout above Y+1.
Downside move will gather strength if and only if Y-0 is cleared and turning into resistance. That will send Euro back down to Y-1 / B-4 easily.
Lawrence's Comment
Recap
Cable held the breakout level nicely and rallied to retest Y+1 as expected. Once Y+1 was tagged cable went into consolidation. Closed the week at Y+1 and above midpoint.
Outlook
Potential ...
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 noted last week, a pullback was due. It happened in the first 2 days in the week. But Y-0 was tested and acted as support, so ...
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 30 to Oct 04 Outlook
Lawrence’s Comment
No surpirse at all – pulled back to Y-0. Found support and then push back up to test Y+1. Did not clear it and stalled. Closed the week near midpoint and above Y-0.
Outlook
Inside week. Tight range week. Strong breakout setup in place. Odds favour the upside first even if it is a false breakout. Can push as high as B+3 right after breakout above Y+1.
Downside move will gather strength if and only if Y-0 is cleared and turning into resistance. That will send Euro back down to Y-1 / B-4 easily.
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