Recap Sideway consolidation around previous week close until Mrs. Yellen comment time. Collapsed lower until 100% of consolidation range. Closed the week near Y-1 and week low.
Outlook Inside week still. More downside likely. B-2 reasonable target with Y-0 / B-0 now strong resistance.
Lawrence's Comment
Recap
Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint.
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EURUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Sideway consolidation around previous week close until Mrs. Yellen comment time. Collapsed lower until 100% of consolidation range. Closed the week near Y-1 and week low.
Outlook
Inside week still. More downside likely. B-2 reasonable target with Y-0 / B-0 now strong resistance.
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