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
Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. ...
Lawrence's Comment
Recap
Test of Y+1 failed on first try sent NQ back down to Y-0. Y-0 support sent NQ on 2nd try to Y+1. FBO Y+1 sent NQ down to almost ...
Lawrence's Comment
Recap
Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts ...
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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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