Recap Tried to move higher but the price action was just too weak. Bear flag top gave us a flush back down to my downside target Y-2. Closed the week below Y-1 and midpoint.
Outlook More downside expected with B-0 as solid resistance.
Lawrence's Comment
Recap
Got Y+2 as expected. Immediate pullback since. Consolidated around Y+1. Closed the week below Y+1 and midpoint.
Outlook
Down trend on daily broken. Now US dollar has to prove its strength ...
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Lawrence's Comment
Recap
Y-0 acted as resistance as expected and that sent Loonie down to almost Y-2. Tight range drift after the break below Y-1 making it difficult to trade this ...
EURUSD May 13 to May 17 Outlook
Lawrence’s Comment
Tried to move higher but the price action was just too weak. Bear flag top gave us a flush back down to my downside target Y-2. Closed the week below Y-1 and midpoint.
Outlook
More downside expected with B-0 as solid resistance.
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