Recap Euro pullback lower as expected and slow week due to Easter holiday. Closed the week below Y-0 and midpoint.
Outlook Inside week with tight range gives us breakout play. Bull side advantage due to bull flag formation. Clearing B-0 points to retest of Y+1 long term resistance zone likely. It is still a potential longer term swing top in the making here.
Lawrence's Comment
Recap
Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at ...
Lawrence's Comment
Recap
As expected, bulls tried hard right from the beginning of the week gapped Dow higher yet failed to turn around the established down trend. Dow dropped to Y-1 and ...
Lawrence's Comment
Recap
Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint.
Outlook
The drop ...
Lawrence's Comment
Recap
False breakout the week before lsat week is now proven not strong enough to take euro down. Although we got a sell setup early in the week ...
EURUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Euro pullback lower as expected and slow week due to Easter holiday. Closed the week below Y-0 and midpoint.
Outlook
Inside week with tight range gives us breakout play. Bull side advantage due to bull flag formation. Clearing B-0 points to retest of Y+1 long term resistance zone likely. It is still a potential longer term swing top in the making here.
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