Recap Euro support at Y-0 and test of upside resistance as expected. Failed to clear the zone and stalled since. Closed the week above Y+0 and near midpoint.
Outlook Support at B-0 can give Euro another push higher. Resistance at Y+1 capping the upside and resulting in a break of B-0 will give us continuation of the down trend with B-1 and B-2 targets below.
Lawrence's Comment
Recap
No breakout so consolidation it is. Going nowhere whole week.
Outlook
Breakout mode. Waiting for a breakout (preferred to the upside) above B+1 or B-1.
Lawrence's Comment
Recap
NQ did not zoom higher and failed to clear Y+1. That opened the door to retest of Y-0 and we got that from a fierce gap down. NQ bounced ...
EURUSD Jan 18 to Jan 22 Outlook
Lawrence’s Comment
Euro support at Y-0 and test of upside resistance as expected. Failed to clear the zone and stalled since. Closed the week above Y+0 and near midpoint.
Outlook
Support at B-0 can give Euro another push higher. Resistance at Y+1 capping the upside and resulting in a break of B-0 will give us continuation of the down trend with B-1 and B-2 targets below.
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