Recap Retest of pre-breakout level as expected when Euro failed to hold above Y-0. Closed the week below Y-0 and midpoint.
Outlook Tight range week waiting for news to find a direction. B+1 / B+2 strong resistance zone on weekly confirmed. Until Euro can clear that more consolidation with a drop back down to Y-2 / B-3 over coming 2 weeks likely.
Lawrence's Comment
Recap
News shock. Gap down to the downside target first. The funny thing is that the expected rally still happened right after the gap down is completed. Closed ...
EURUSD Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Retest of pre-breakout level as expected when Euro failed to hold above Y-0. Closed the week below Y-0 and midpoint.
Outlook
Tight range week waiting for news to find a direction. B+1 / B+2 strong resistance zone on weekly confirmed. Until Euro can clear that more consolidation with a drop back down to Y-2 / B-3 over coming 2 weeks likely.
Share