Recap Bounced from Y-1 first but failed to go much higher as euro failed to go much further above Y-0. 3 pushes up ended the rally and by the end of the week euro sold off back down to Y-1.
Outlook Still looking for Y-2 / B-2 area to be tagged. The stair step selling formation seldom ends in double bottom.
Lawrence's Comment
Recap
Dow popped higher yet failed to clear Y+2. Breached Y+1 by end of the week and dropped to Y-0 and below. Closed the week near Y-0 and week low.
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Lawrence's Comment
Recap
Y-1 retest as expected. Y-1 support gave us a run for Y-0. Y-0 tagged and Aussie went sideway since. Closed the week below Y-0 and above midpoint.
Outlook
Double ...
Lawrence's Comment
Recap
NQ followed the seasonal selloff script to the T. Y-3 acted as support twice before being breached on the 3rd try. Closed the week below Y-3 and at week ...
EURUSD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Bounced from Y-1 first but failed to go much higher as euro failed to go much further above Y-0. 3 pushes up ended the rally and by the end of the week euro sold off back down to Y-1.
Outlook
Still looking for Y-2 / B-2 area to be tagged. The stair step selling formation seldom ends in double bottom.
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