Recap Failed to hold above Y-1. Drifting around Y-1 all week. Closed the week near week low and below Y-1.
Outlook As mentioned in last weekly commentaries on euro, once Y-1 is breached, the door to Y-3 is opened. As long as B+1 stays as resistance, Y-3 / B-3 is the target.
Lawrence's Comment
Recap
Dip to Y-1 and bounced back up to Y-0. Closed the week at midpoint.
Outlook
As mentioned last week, this pair has produced a long term bottom and buying ...
EURUSD Oct 01 to Oct 05 Outlook
Lawrence’s Comment
Failed to hold above Y-1. Drifting around Y-1 all week. Closed the week near week low and below Y-1.
Outlook
As mentioned in last weekly commentaries on euro, once Y-1 is breached, the door to Y-3 is opened. As long as B+1 stays as resistance, Y-3 / B-3 is the target.
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