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
3rd push higher above Y+1 failed to clear monthly resistance. Y+1 turning into resistance since sending this back down to Y-0. Closed the week near Y-0 and week low.
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Lawrence's Comment
Recap
Rally from higher low support trendline from past 2 weeks back up to Y+1 and then breakout to the upside target. As expected the breakout could not last and ...
Lawrence's Comment
Recap
Moved higher to 1.12 as expected. A steep pullback to Y-0 too as if following the script. Y-0 support gave us a run to 100% absolute range expansion. Closed ...
Special update on S&P 500. Custom market breadth in US stock markets has been compressed to the point that it is about to make a move. That points to ...
Lawrence's Comment
Recap
Pullback to support as expected but failed to clear 50% range once ninja tagged the price where the breakdown started the week before. Closed the week below Y-0 and ...
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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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