Recap Euro failed to clear Y-0 twice. First time dropped it down to almost Y-1. Second time it collapsed down to Y-2 after more messy news fed out on the crisis in Europe. Closed the week near Y-2 and week low.
Outlook Tight range break down target is Y-3, Euro has not tagged that yet, so that is in play next week with strong resistance at Y-1 / B-0 zone.
Lawrence's Comment
Recap
Staying away from this pair has been the correct decision for some time now. And it has been the correct decision for the past week as well. The ...
Lawrence's Comment
Recap
Pullback over first 2 days and then NFP week pattern took over. Closed the week above Y+1 and midpoint.
Outlook
Thin rising channels do not last. They are also ...
EURUSD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Euro failed to clear Y-0 twice. First time dropped it down to almost Y-1. Second time it collapsed down to Y-2 after more messy news fed out on the crisis in Europe. Closed the week near Y-2 and week low.
Outlook
Tight range break down target is Y-3, Euro has not tagged that yet, so that is in play next week with strong resistance at Y-1 / B-0 zone.
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