Recap Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook Inside week and clear compression across many markets. No point rushing in to bet on a direction. A clear strong move away from this area will give us plenty of time to jump in for a ride.
Lawrence's Comment
Recap
As expected, a strong swing emerged after all those spikey moves. Clearing Y+2 as mentioned last week is not something to counter. Closed the week near week high and ...
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Lawrence's Comment
Recap
Falling wedge completed with FBO against Y-1 gave us reversal back up to Y+3. Closed the week above Y+2 and near week high.
Outlook
This reversal is expected and ...
Recap of last week Tested resistance level (yellow zone) and then slide down to 50% of the week before. Congestion was expected due to huge directional swings over the ...
EURUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook
Inside week and clear compression across many markets. No point rushing in to bet on a direction. A clear strong move away from this area will give us plenty of time to jump in for a ride.
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