Recap Bottom from last week acting as support as expected but situation in Ukraine and banking problems in Europe is turning the pair into a mess. Closed the week above Y-0 and midpoint.
Outlook Inside week closing above Y-0 and midpoint. Not as strong as one would like to see. Setting up FBO on the boundary (Y+1 and Y-1) that tagged first with the other end next.
As the long term Tick16 index is staying in the bullish zone, and that the short term Tick16 has moved away from the long term index for some time already, ...
Lawrence's Comment
Recap
As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint ...
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EURUSD Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Bottom from last week acting as support as expected but situation in Ukraine and banking problems in Europe is turning the pair into a mess. Closed the week above Y-0 and midpoint.
Outlook
Inside week closing above Y-0 and midpoint. Not as strong as one would like to see. Setting up FBO on the boundary (Y+1 and Y-1) that tagged first with the other end next.
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