Recap Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week near midpoint and above Y-1.
Outlook Lots of effort spent to hold this zone. Early next week holding Y-1 to B-0 area and breakout above B+1 can lead to a run towards B+3.
As long as B+1 acting as resistance, 1.26 downside target still in play.
Lawrence's Comment
Recap
Multiple news shocks caused both Loonie and Aussie to swing wildly. This week is a good example showing that when the participants are more emotional, you get the ...
EURUSD Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week near midpoint and above Y-1.
Outlook
Lots of effort spent to hold this zone. Early next week holding Y-1 to B-0 area and breakout above B+1 can lead to a run towards B+3.
As long as B+1 acting as resistance, 1.26 downside target still in play.
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