Recap Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook Inside week points to breakout mode. Clean break of Y+1 points to Y+2 and Y+3 while clean break of Y-1 points to Y-2 and Y-3.
Lawrence's Comment
Recap
Seasonal sell worked out beautifully cleaning out the late buyers over the past few weeks. Closed the week below Y-4 and at week low.
Outlook
Seasonal bias to the ...
Lawrence's Comment
Recap
Nailed the whiplash behaviour again. ES has to drop to almost Y-2 before support was found. ES bounced back up to its current midpoint and failed to clear the ...
EURUSD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout mode. Clean break of Y+1 points to Y+2 and Y+3 while clean break of Y-1 points to Y-2 and Y-3.
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