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
Pushed higher to the resistance zone as mentioned last week and sold off from there. Gapped down to Y-0 eventually but buying below forced ES back up. Closed the ...
Lawrence's Comment
Recap
Found support at previous week close and took off to test Y+1. Held up near Y+1 at previous support and breakout to Y+2. Strong reaction there led to breaking ...
Lawrence's Comment
Recap
Momentum carried this higher but not quite up to Y+2 as the week is suppose to consolidate. Entered into tight range congestion most of the week. Closed the week ...
Lawrence's Comment
Recap
The bounce back to B-0 was expected but you cannot predict the time that the governments would take action in the scale like last week. The interesting ...
Lawrence's Comment
Recap
Fed failed to stop euro from further collapse even though throughout last week rumors was spread again and again everyday to pop it higher. Closed the week at ...
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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