Recap Euro did the whiplash move after FBO against the resistance zone mentioned last time. Euro dropped quickly but 1.34 round number somehow provided support. Euro drifted back up since. Closed the week above Y+1 and midpoint.
Outlook Euro closed within the breakout range points to indecision. The resistance was rejected decisively. Euro should not be able to climb back up to the same zone so easily.
Hands off on this pair until I get a better picture this week.
Lawrence's Comment
Recap
As expected, a strong swing emerged after all those spikey moves. Clearing Y+2 as mentioned last week is not something to counter. Closed the week near week high and ...
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Lawrence's Comment
Recap
Y+1 acted as resistance and sent the pair back down to Y-1 as expected. Closed the week near week low and Y-1.
Outlook
Short term top in place meaning ...
Lawrence's Comment
Recap
US dollar trashed, but the stock market did not hold up. The correlation had broken down. The most interesting thing from last week was the waterfall formation that ...
EURUSD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
Euro did the whiplash move after FBO against the resistance zone mentioned last time. Euro dropped quickly but 1.34 round number somehow provided support. Euro drifted back up since. Closed the week above Y+1 and midpoint.
Outlook
Euro closed within the breakout range points to indecision. The resistance was rejected decisively. Euro should not be able to climb back up to the same zone so easily.
Hands off on this pair until I get a better picture this week.
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