Lawrence's Comment
Recap
Mentioned last week looking for a top to form after upside target Y+2 is tagged. Got the rally and stopped when 100% absolute range expansion is reached. ...
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Lawrence's Comment
Recap
Sold back down to Y-0 first as expected. Further weaknesses took it down to Y-1. But gap was not filled and a bounce from the gap top killed ...
EURUSD Apr 21 to Apr 25 Outlook
Lawrence’s Comment
Was looking for resistance at Y+1 going back down to Y-0. We got that and euro was stuck since. Closed the week near Y-0 and below midpoint.
Outlook
Breaking below B-1 decisively implies a drop to B-3 likely.
Euro must hold B-1 and clear B-0 quickly to maintain its bullish uptrend.
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