Recap Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint.
Outlook B-1 retest likely. B-2 continuation target.
Lawrence's Comment
Recap
Flushed to new low but bounced at once back above Y-1. Closed the week above midpoint and Y-1.
Outlook
Another longer term potential bottom in the making. Confirmation would ...
EURUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest likely. B-2 continuation target.
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