Recap Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high.
Outlook Measured move upside target reached from the run started 3 weeks ago. 1.14 is key price level for weekly to break the down trend. A spike reversal next week against B+1 will give us Y+1 / B-0.
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Lawrence's Comment
Recap
Traded above Y-0 early in the week points potential consolidation for the week. Failed to hold above Y-0 and slided towards Y-1. Failed to tag Y-1 and ...
Lawrence's Comment
Recap
Breakout to the downside after failure to clear the upside resistance. ES tagged the downside target mentioned last week perfectly and then bounced. Closed the week below B-0 and ...
EURUSD Aug 24 to Aug 28 Outlook
Lawrence’s Comment
Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high.
Outlook
Measured move upside target reached from the run started 3 weeks ago. 1.14 is key price level for weekly to break the down trend. A spike reversal next week against B+1 will give us Y+1 / B-0.
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