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.
Lawrence's Comment
Recap
Bearish down trend in force all week. 100% absolute range expansion led to a strong bounce. Closed the week near Y-1 and below midpoint.
Outlook
Breaking above down ...
Lawrence's Comment
Recap
Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 ...
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.
Share