Recap Euro going lower to Y-2 as expected. Failed to clear the gap above gave us the Y-3 target below. Normal range expansion reached. Closed the week below Y-2 and midpoint.
Outlook B-0 / Y-2 resistance points to retest of B-1. B-1 acting as support will give us a bounce back up to B+1 / Y-1.
Lawrence's Comment
Recap
Cable almost tagged both Y+1 and Y-1 quickly as it zoomed away from Y-0 as suggested last week. Yet no breakout of the range and closed the ...
Lawrence's Comment
Recap
Instead of a reversal euro managed to break out of its up channel without dropping back down below the support zone. Wild swings at the 2nd half of the ...
Lawrence's Comment
Recap
Sold off in similar fashion like Nasdaq 100 but much more controlled. The scale of attempting to rally back to week midpoint is also stronger than Nasdaq.
Outlook
A ...
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EURUSD Jan 12 to Jan 16 Outlook
Lawrence’s Comment
Euro going lower to Y-2 as expected. Failed to clear the gap above gave us the Y-3 target below. Normal range expansion reached. Closed the week below Y-2 and midpoint.
Outlook
B-0 / Y-2 resistance points to retest of B-1. B-1 acting as support will give us a bounce back up to B+1 / Y-1.
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