Recap Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first bounce in the week. Euro failed to clear Y-2 and dropped again. Closed the week below Y-2 and near week low.
Outlook The waterfall effect is in full force – notice the speed of drop has doubled every week. Last week it took 1/2 the time to travel the same distance as in the week before. This points to “singularity event” coming week where there could be a final showdown before Wednesday. V-shape reversal of this move will give us the short term bottom for Euro in coming 1 to 2 months.
Lawrence's Comment
Recap
Fall to support zone after failing to hold Y-1. Since then Y-1 turned into resistance and dropped this further down to Y-2. Closed the week near Y-2 and week ...
Lawrence's Comment
Recap
The moment Y-1 failed to support euro, I posted in our real-time chat that it is heading for 1.30. We got that 2 days later. euro did ...
Lawrence's Comment
Recap
As expected Y-0 area becomes the platform for a run towards Y+2. Paused there for a quick test of Y+1 and then another pop higher. Closed the ...
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EURUSD Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first bounce in the week. Euro failed to clear Y-2 and dropped again. Closed the week below Y-2 and near week low.
Outlook
The waterfall effect is in full force – notice the speed of drop has doubled every week. Last week it took 1/2 the time to travel the same distance as in the week before. This points to “singularity event” coming week where there could be a final showdown before Wednesday. V-shape reversal of this move will give us the short term bottom for Euro in coming 1 to 2 months.
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