Recap Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 and midpoint.
Outlook A longer term sell formation in place. More weaknesses expected as long as Y-1 / B-0 is acting as resistance.
Euro can drop quite a bit lower from here as there is no real support until 1.30.
Lawrence's Comment
Recap
Tried to move higher but the price action was just too weak. Bear flag top gave us a flush back down to my downside target Y-2. Closed the week ...
EURUSD Sep 02 to Sep 06 Outlook
Lawrence’s Comment
Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 and midpoint.
Outlook
A longer term sell formation in place. More weaknesses expected as long as Y-1 / B-0 is acting as resistance.
Euro can drop quite a bit lower from here as there is no real support until 1.30.
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