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EURUSD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Euro consolidated around Y-1 and then flushed lower. Y-2 target tagged and bounced back up to week mid and failed to push higher. Closed the week below Y-1 and midpoint.
Outlook
Not quite there towards the downside target as projected from the initial flush from Y+1 down to Y-1. The 1.33 price level produced a strong bounce that should increase the hope of the long side and inducing more people jumping onto the boat. As long as Y-1 / B-0 is not breached, looking for another flush down to below B-2.
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