Recap Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint.
Outlook Weak rally and stalled at Y-0 indicates weaknesses is likely to carry over into this week. B+1 will be difficult resistance to break above. Retest of B-1 is likely.
Lawrence's Comment
Recap
Retest of Y-1 happened as expected. FBO against Y-1 gave us a pop back up to Y-0. NFP Friday gapped Dow lower to Y-1 which is strong support due ...
EURUSD Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint.
Outlook
Weak rally and stalled at Y-0 indicates weaknesses is likely to carry over into this week. B+1 will be difficult resistance to break above. Retest of B-1 is likely.
Share