Recap Euro slided down like cable from their own crisis rumors / news shock. Made new low against Y-1 but successfully recovered back above Y-1. Although stopped at mid week resistance, it still managed to close the week above Y-1.
Outlook 3 tries pushing down and bounced back above Y-1. That is bullish.
As long as Y-1 down to B-1 can act as support, upside target is B+2.
Lawrence's Comment
Recap
Capped by previous week close and moved lower as expected. Tagged my downside target and bounced back up since. Closed the week near Y-1 and above midpoint.
Outlook
B-1 is a ...
Lawrence's Comment
Recap
ES failed to push up beyond 25% prior week range early in the week signalling trouble to form a bottom. The break below Y-1 gave us a ...
Lawrence's Comment
Recap
Tricky start. Monday breached Y-1 and looked as if it cannot hold above Y-1. Then a gap and go run to search and destroy all the shorts ...
Lawrence's Comment
Recap
As the US debt talk crisis continue, USD trashed across all majors. Closed the week at the G8 intervention price level now.
Outlook
Weak but also potential long term bottom ...
Lawrence's Comment
Recap
Failed right at the resistance zone mentioned last week and collapsed down to Y-2 target. Bounced from there and tested week mid. Failed to go above week mid and ...
EURUSD Nov 21 to Nov 25 Outlook
Lawrence’s Comment
Euro slided down like cable from their own crisis rumors / news shock. Made new low against Y-1 but successfully recovered back above Y-1. Although stopped at mid week resistance, it still managed to close the week above Y-1.
Outlook
3 tries pushing down and bounced back above Y-1. That is bullish.
As long as Y-1 down to B-1 can act as support, upside target is B+2.
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