Lawrence's Comment
Recap
FBO from the start of the week against Y+1 gave us a flush back down to below Y-0. At 100% absolute range expansion NQ found support and zoomed back ...
Lawrence's Comment
Recap
Loonie is the odd pair this week as it is not moving with the other majors as US dollar strengthen. Since gold is all over the place ...
Lawrence's Comment
Recap
Bounced back up to Y-0 and found resistance. Sold off down to Y-2 as expected. Closed the week below Y-1 and midpoint.
Outlook
Strong support / downside target Y-3 ...
Lawrence's Comment
Recap
Opened above Y+1. No FBO as Euro stayed above Y+1 all the way til its breakout move to Y+4. Consolidated since. Closed the week above Y+3 and midpoint.
Outlook
Unusual breakout ...
EURUSD Jan 04 to Jan 08 Outlook
Lawrence’s Comment
Resistance at Y+1 sent Euro back down to Y-1 with a pause at Y-0. Year end sideway actions. Closed the week near Y-1 and week low.
Outlook
Y-0 and B-0 strong resistance until proven otherwise. B-2 in play.
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