Recap FBO against Y+1 gave us Y-0 and the next support below. Closed the week above Y-0 and midpoint.
Outlook Non-stop intervention by ECB and other central banks, Euro has been wasting all its fuel to hold up in the current level. Once a breakdown below 1.10 started, it will be very difficult to stop until Euro going down to below 1.0.
Lawrence's Comment
Recap
Dropped below 15000 as expected. Flushed down to Y-3 and support was found. Bounced back up to week mid. Closed the week near midpoint and Y-2.
Outlook
Well structured selling. No ...
Lawrence's Comment
Recap
Aussie looks awfully like euro dollar these past 2 weeks. Bear flag selloff below Y-1 yet finding support below Y-1 and bounced back above Y-1 to close ...
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EURUSD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
FBO against Y+1 gave us Y-0 and the next support below. Closed the week above Y-0 and midpoint.
Outlook
Non-stop intervention by ECB and other central banks, Euro has been wasting all its fuel to hold up in the current level. Once a breakdown below 1.10 started, it will be very difficult to stop until Euro going down to below 1.0.
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