Lawrence's Comment
Recap
Aussie tried to hold above Y+1 but failed. That opened the door to Y-1 retest. Got the retest done and bounced off since. Closed the week above midpoint and ...
Lawrence's Comment
Recap
Gold trashed so our bullish scenario played out. Got Y+1 in 1 go. End of week final squeeze pushed price even higher after 100% absolute range was reached. Closed ...
Lawrence's Comment
Recap
Went lower as expected. It was interesting that it dropped in a slow 3 pushes down pattern. Before Y-2 was tagged, the pattern zoomed the pair back up to ...
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Lawrence's Comment
Recap
Consolidated around Y+1. Mildly bullish as expected. Closed the week above Y+1 and midpoint.
Outlook
Need the pair to tag B+2 soon and holding above 0.98 to stay bullish.
On ...
EURUSD Jul 27 to Jul 31 Outlook
Lawrence’s Comment
Euro bounced off Y-1 back to Y-0 / 1.10 long term support which is now strong resistance. Closed the week below Y-0 and above midpoint.
Outlook
Euro daily level bear flag. Not the time to be bullish until Y-0 / 1.10 turning into support again.
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