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.
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Lawrence's Comment
Recap
Euro zone problem drags on so cable suffers. Pulled back to Y-0 and 1-2-3 buy off the zone. Closed the week above Y-0 and B-0.
Outlook
Retest of B+1 likely. Looking ...
Lawrence's Comment
Recap
As expected, the pair moved above Y+1 quickly. The nice surprise was that the strength of the run not only carry the pair higher to Y+3 (normal breakout target) ...
Lawrence's Comment
Recap
Similar to Dow, ES moving lower as expected. Tagging both 1st target of Y-2 and 2nd target of Y-3 in one go was a present surprise. The bounce ...
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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