Recap Euro refused to go lower in the beginning of the week and challenged Y-0. Failed to clear Y-0, euro started its move to go down to the 1.32 long term support zone. Cleared Y-2 and stuck there since. Closed the week below Y-2 and near week low.
Outlook Finally at the long term support zone. Focus now is to see if euro will build a nice bottom here at B-1 / Y-3. If so swing target to the upside is at least B+1.
Recap of Last Week Opened close to 50% upside expansion and moved immediately towards the 100% upside expansion target. Once the market failed to hold above the green zone, ...
EURUSD Feb 25 to Mar 01 Outlook
Lawrence’s Comment
Euro refused to go lower in the beginning of the week and challenged Y-0. Failed to clear Y-0, euro started its move to go down to the 1.32 long term support zone. Cleared Y-2 and stuck there since. Closed the week below Y-2 and near week low.
Outlook
Finally at the long term support zone. Focus now is to see if euro will build a nice bottom here at B-1 / Y-3. If so swing target to the upside is at least B+1.
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