Recap Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint.
Outlook Inside week closing near both midpoints points to breakout play. Since 1.13 was rejected decisively twice the odds favour a down side breakout with B-2 and B-3 targets.
Lawrence's Comment
Recap
Took off from support mentioned last week. Got target Y+2 and above. Closed the week above Y+2 and at week high.
Outlook
No surprise with the short term bottom. ...
Lawrence's Comment
Recap
Instead of a regular bottom, we got a flush first below Y-2. Then a mini double bottom on hourly started the short squeeze we've been looking for. ...
Lawrence's Comment
Recap
Channel breakdown play worked out perfectly with Y-2 target tagged. Closed the week near Y-2 and week low.
Outlook
Potential weekly down trend in the making. B-0 / Y-1 ...
EURUSD Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint.
Outlook
Inside week closing near both midpoints points to breakout play. Since 1.13 was rejected decisively twice the odds favour a down side breakout with B-2 and B-3 targets.
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