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Lawrence's Comment
Recap
Consolidation expectation worked out nicely. Ninja zoomed to Y+1 and found resistance. After 2nd try at Y+1 and failed to clear the stage was set for a drop back ...
Lawrence's Comment
Recap
Early attempt to move higher blocked at the resistance zone leading to freefall back down to Y-1 and tagged the normal Y-2 continuation target. Closed the week below Y-2 ...
EURUSD May 02 to May 06 Outlook
Lawrence’s Comment
FBO against Y-1 / weekly consolidation support sent Euro straight back up to Y+1 and above. Closed the week above Y+1 and near week high.
Outlook
Y+1 / B-0 now support. Clearing 1.15 points to much higher prices as explained in last issue of MBO.
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