Recap Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and midpoint.
Outlook Bulls need to clear B-0 and that it turns into support before a more significant bounce can happen.
Lawrence's Comment
Recap
The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the ...
Lawrence's Comment
Recap
As expected NQ pushed into Y+1 / Y+2 zone. Very quiet option expiration week though. Closed the week above Y+1 and midpoint.
Outlook
Tight range levitation last week gives ...
Lawrence's Comment
Recap
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to ...
Lawrence's Comment
Recap
Aussie driven lower in the beginning of the week down to Y-1. Found support there can zoomed to Y+2. 2nd attempt at clearing Y+2 failed and led to a ...
EURUSD Nov 10 to Nov 14 Outlook
Lawrence’s Comment
Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and midpoint.
Outlook
Bulls need to clear B-0 and that it turns into support before a more significant bounce can happen.
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