Recap Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook First significant break of euro uptrend on daily. B-0 / Y-0 zone must act as resistance for the down trend to stay intact. B-2 next downside target.
Lawrence's Comment
Recap
The easiest play of last week. Found support, zoomed back up to above Y+1 target as mentioned last week. Sharp pullback to almost Y-0 and then popped higher. Closed ...
Lawrence's Comment
Recap
B-0 area acted as resistance most part of the week until Aussie eventually break above that and closed the week around Y+1.
Outlook
If B+1 acts as resistance sending the ...
EURUSD Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook
First significant break of euro uptrend on daily. B-0 / Y-0 zone must act as resistance for the down trend to stay intact. B-2 next downside target.
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