Recap FBO against Y+1 gave us Y-0 and the next support below. Closed the week above Y-0 and midpoint.
Outlook Non-stop intervention by ECB and other central banks, Euro has been wasting all its fuel to hold up in the current level. Once a breakdown below 1.10 started, it will be very difficult to stop until Euro going down to below 1.0.
Lawrence's Comment
Recap
Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all ...
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Lawrence's Comment
Recap
Y-1 breached early in the week but did not act as resistance. W. spring formed with Y-1 acting as support sending euro back up to Y-0. Closed the week ...
Recap of Last Week Topped at the yellow zone and sold off. Downside target where the obvious gap zone is was tagged and in turn produced a powerful squeeze ...
EURUSD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
FBO against Y+1 gave us Y-0 and the next support below. Closed the week above Y-0 and midpoint.
Outlook
Non-stop intervention by ECB and other central banks, Euro has been wasting all its fuel to hold up in the current level. Once a breakdown below 1.10 started, it will be very difficult to stop until Euro going down to below 1.0.
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