Lawrence's Comment
Recap
Y-1 to Y-0 has acted as resistance so far this week as price failed to move outside of this range.
Outlook
If a sell formation shows up in B-0 to ...
Lawrence's Comment
Recap
1-2-3 rejection of Y-1 on 4 hour sent cable back up to above Y+1. Minimal pullback and another push to Y+2 before cable can stop. Closed the week above ...
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Lawrence's Comment
Recap
Spent most part of the week above Y-0 and right below Y+1 but failed to make a push above Y+1. Then the pair simply dropped through Y-0 as if ...
This time it is South Korea's Bank of Korea who cuts its interest rate. As mentioned last time, once Japan started QE, it would reverse the effects of US ...
EURUSD Apr 09 to Apr 13 Outlook
Lawrence’s Comment
The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2.
Outlook
If Y-3 is tagged early in the week and euro dollar bounces off from there, B-0 will be the magnet to run up to and should act as resistance.
If euro just drifted up a little early in the week, then a more significant decline is expected later in the week.
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