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
Similar to prior weeks, the initial weaknesses from the gap down on monday resulted in quick rejection to even tagging Y-1. That set the stage to break ...
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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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