Recap Y-0 acted as resistance initially but not strong enough to hold euro down. Clearing Y-0 gave way to retest Y+1. Closed the week near Y+1 and week high.
Outlook Crime scene 1.14 is in play. If it decisively stops euro from going higher, euro will be forced to go back down to B-1 and likely lower.
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Lawrence's Comment
Recap
A weak version of what happened to Dow. 50% previous week range. Closed the week at Y+1 / previous week close and below midpoint.
Outlook
If we are getting a spike ...
Lawrence's Comment
Recap
Rare case scenario opened above the top of the resistance zone mentioned last week. That triggered a strong squeeze to above Y-0. Tricky but not unexpected. Upside push to ...
Lawrence's Comment
Recap
Wait and see mode last week on euro. Strong breakdown move happened after a deal with Greece failed. Closed the week below Y-1 and near week low.
Outlook
As ...
EURUSD Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Y-0 acted as resistance initially but not strong enough to hold euro down. Clearing Y-0 gave way to retest Y+1. Closed the week near Y+1 and week high.
Outlook
Crime scene 1.14 is in play. If it decisively stops euro from going higher, euro will be forced to go back down to B-1 and likely lower.
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