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
Cable breached Y+1 early in the week and holding Y-0 since was ultimate give away that it wanted to go higher. Rally later in the week sent cable to ...
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 ...
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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