Recap Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint.
Outlook Inside week closing near both midpoints points to breakout play. Since 1.13 was rejected decisively twice the odds favour a down side breakout with B-2 and B-3 targets.
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Lawrence's Comment
Recap
Y-0 acting as support, rallied to Y+1 as expected. Without any significant selloff formation pulled back to slightly higher than Y-0 and took off again, this implied ...
Lawrence's Comment
Recap
NQ Y+1 resistance gave us the drop to Y-0 as expected and that in turn unlocked the open gap and led to free fall back down to Y-1. NQ ...
EURUSD Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint.
Outlook
Inside week closing near both midpoints points to breakout play. Since 1.13 was rejected decisively twice the odds favour a down side breakout with B-2 and B-3 targets.
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