Recap Y-0 acted as resistance initially but not strong enough to hold euro down. Clearing Y-0 gave way to retest Y+1. Closed the week near Y+1 and week high.
Outlook Crime scene 1.14 is in play. If it decisively stops euro from going higher, euro will be forced to go back down to B-1 and likely lower.
Lawrence's Comment
Recap
News shock forced ES to open above Y-0 and started a squeeze back up to pre-breakdown crime scene. Then news shock from China took over the tap with ES ...
Lawrence's Comment
Recap
Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside ...
Lawrence's Comment
Recap
Y+1 resistance sent Euro lower but it found support at Y-0. After 2nf try failed to clear Y-0, Euro was forced to test Y+1 after. Closed the week near ...
EURUSD Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Y-0 acted as resistance initially but not strong enough to hold euro down. Clearing Y-0 gave way to retest Y+1. Closed the week near Y+1 and week high.
Outlook
Crime scene 1.14 is in play. If it decisively stops euro from going higher, euro will be forced to go back down to B-1 and likely lower.
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