Recap Perfect pullback to my resistance price and dropped all the way to end of week. Closed the week at the low and below Y-1.
Outlook As mentioned in MBO newsletter, Euro rally cannot be trusted because it is just delay tactics from Euro zone officials. At the end, they always agree to print more.
Daily uptrend broken. As long as 1.30 not breached looking for a drop to 1.26 again.
Lawrence's Comment
Recap
The more interesting scenario happened. Cable held Y-0, breakout of Y+1 and gave us 1.60 and Y+3 in 1 go. Essentially no heat taken. Cannot ask for ...
EURUSD Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Perfect pullback to my resistance price and dropped all the way to end of week. Closed the week at the low and below Y-1.
Outlook
As mentioned in MBO newsletter, Euro rally cannot be trusted because it is just delay tactics from Euro zone officials. At the end, they always agree to print more.
Daily uptrend broken. As long as 1.30 not breached looking for a drop to 1.26 again.
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