Recap Y-1 held early in the week and then staged a higher low breakout to the upside. Tagged Y+2 by end of the week. Closed the week above Y+1.
Outlook Bull flag breakout to the upside points to retesting the Y+3 area. As long as B-0 is acting as support, looking for higher price level coming week.
Another simple forex trading signal that exploits the weekly mean reversion property of Euro. The strength of this system is in its simplicity. For those who have read ...
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EURUSD Oct 08 to Oct 12 Outlook
Lawrence’s Comment
Y-1 held early in the week and then staged a higher low breakout to the upside. Tagged Y+2 by end of the week. Closed the week above Y+1.
Outlook
Bull flag breakout to the upside points to retesting the Y+3 area. As long as B-0 is acting as support, looking for higher price level coming week.
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