Recap Euro moved back down to target mentioned last week. Bounced from there but failed to clear 1.13 / Y-0. Closed the week near Y-1 and below midpoint.
Outlook Y-1 / B-0 confirmed resistance with B-2 in play. Euro zone news is affecting euro hence not a good time to trade Euro.
Lawrence's Comment
Recap
Avoided Y-1 in beginning of the week and rallied all the way to almost Y+1. Clean 1-2-3 sell from there gave us the breakout trade I mentioned ...
Lawrence's Comment
Recap
Y-0 resistance gave us a drop below Y-1. Down channel bottom acted as support again allowing Aussie drift back up. 2nd test of Y-0 resistance did not clear it ...
Lawrence's Comment
Recap
Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and ...
EURUSD Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Euro moved back down to target mentioned last week. Bounced from there but failed to clear 1.13 / Y-0. Closed the week near Y-1 and below midpoint.
Outlook
Y-1 / B-0 confirmed resistance with B-2 in play. Euro zone news is affecting euro hence not a good time to trade Euro.
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