Recap Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week above midpoint.
Outlook Inside week. Midpoint in same area several weeks in a row now. That means some kind of equilibrium is reached. Until Euro can move out of this range (1.28 to 1.31), it will be micro swings within this range.
Lawrence's Comment
Recap
Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint.
Outlook
The end of week breakdown is normal for consolidation at Y-1. It is not a ...
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Lawrence's Comment
Recap
The resistance zone mentioned last week worked out as expected and a retest of Y-1 happened. However there was no breach of that important low and a bottom ...
EURUSD Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week above midpoint.
Outlook
Inside week. Midpoint in same area several weeks in a row now. That means some kind of equilibrium is reached. Until Euro can move out of this range (1.28 to 1.31), it will be micro swings within this range.
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