Recap Cannot even get pass 1.28 and then euro zone sending out more bad news. Y-1 failed to act as support and euro ended up flushing down to Y-2. Closed the week near the low.
Outlook Any w. spring from here points to a bounce to around Y+1.
Continuation sell target is Y-3 / B-2. Bounce from there gives us B-0.
Lawrence's Comment
Recap
Previous week close resistance sent the pair down to Y-0. Y-0 did not act as support at all gave us test of Y-1. Y-1 also failed to act as ...
Lawrence's Comment
Recap
Violent reactions to hold onto the uptrend after breach of Y-1 has failed as the resistance zone above was rejected decisively. That opened the door to Y-1 again and ...
EURUSD May 28 to Jun 01 Outlook
Lawrence’s Comment
Cannot even get pass 1.28 and then euro zone sending out more bad news. Y-1 failed to act as support and euro ended up flushing down to Y-2. Closed the week near the low.
Outlook
Any w. spring from here points to a bounce to around Y+1.
Continuation sell target is Y-3 / B-2. Bounce from there gives us B-0.
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