Recap Minimal down side target tagged mid week and euro went full breakdown from there. Euro could not stop at all and dropped straight down to Y-4. Closed the week below Y-4 and at week low.
Outlook More downside is expected. Y-5 potential temporary bounce off point with consolidation around B-1 to follow.
Lawrence's Comment
Recap
Y-1 breached early in the week but did not act as resistance. That is the early signs of strength. Couple that with the spike low is 100% ...
Lawrence's Comment
Recap
Tried to break Y-0 twice and failed. That staged the rally to test Y+1 as expected. Closed the week below Y+1 as an inside week.
Outlook
Same as last ...
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EURUSD Mar 09 to Mar 13 Outlook
Lawrence’s Comment
Minimal down side target tagged mid week and euro went full breakdown from there. Euro could not stop at all and dropped straight down to Y-4. Closed the week below Y-4 and at week low.
Outlook
More downside is expected. Y-5 potential temporary bounce off point with consolidation around B-1 to follow.
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