Recap Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first bounce in the week. Euro failed to clear Y-2 and dropped again. Closed the week below Y-2 and near week low.
Outlook The waterfall effect is in full force – notice the speed of drop has doubled every week. Last week it took 1/2 the time to travel the same distance as in the week before. This points to “singularity event” coming week where there could be a final showdown before Wednesday. V-shape reversal of this move will give us the short term bottom for Euro in coming 1 to 2 months.
Lawrence's Comment
Recap
Consolidation around B+1 at 50% range as expected. A necessary pause for the wild moves over the past few weeks. Closed the week below Y+1 and near midpoint.
Outlook
Difficult week ...
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Lawrence's Comment
Recap
Euro drifted up exactly as expected and tagged Y-0 before turning down sharply. Closed near Y-1 with 50% range of prior week.
Outlook
A break of B-1 will likely ...
EURUSD Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first bounce in the week. Euro failed to clear Y-2 and dropped again. Closed the week below Y-2 and near week low.
Outlook
The waterfall effect is in full force – notice the speed of drop has doubled every week. Last week it took 1/2 the time to travel the same distance as in the week before. This points to “singularity event” coming week where there could be a final showdown before Wednesday. V-shape reversal of this move will give us the short term bottom for Euro in coming 1 to 2 months.
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