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
As expected pullback to Y-0 and stuck in a tight range since. Consolidation around Monday range all week. Closed the week above Y-0 and below midpoint.
Outlook
1-2-3 sell on 4 ...
Lawrence's Comment
Recap
NQ flushed to Y-2 in the beginning of the week and bounced off. Similar to Dow, its test of Y-0 failed to push higher and opened the door to ...
Lawrence's Comment
Recap
Compressed further early in the week leading to clean Breakout to the down side. 100% absolute range expansion stopped the drop. Closed the week below Y-1 and midpoint.
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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.
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