Recap First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed back up. Closed the week above Y-0 and midpoint.
Outlook The bottom forming was a complex one but it is still a temporary bottom. As long as Y-1 / B-0 acting as support euro has a chance to challenge B+2 / 1.35 swing resistance.
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Lawrence's Comment
Recap
Similar to Dow, NQ collapsed to Y-1 early in the week and bounced right off. NQ, however, is so strong after Apple's announcement on its new products, ...
Lawrence's Comment
Recap
The gap down to below B-1 had cleared the weak bulls quickly. Turning the original expectation of a consolidation in the lower price level unncessary.
The immediate rally ...
Recap of Last Week Run above yellow zone tagging prior week high. Then w. thrust against prior week high and stalled back to prior week midpoint and failed to ...
Lawrence's Comment
Recap
Easiest play last week. Failed right at resistance and then collapsed. Got Y-2 in 1 go and no strength to recover since. Y-3 extended target tagged and bounced. Closed ...
EURUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed back up. Closed the week above Y-0 and midpoint.
Outlook
The bottom forming was a complex one but it is still a temporary bottom. As long as Y-1 / B-0 acting as support euro has a chance to challenge B+2 / 1.35 swing resistance.
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