Recap Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint.
Outlook The drop in euro is affected by both ECB jawboning and BOJ action. It is lack of volume that dropped euro lower. If Euro can hold B-1 next week a run back up to above B-0 is likely.
Lawrence's Comment
Recap
Monday gapped below critical support which then turned into resistance. Trend sell all week until 200% aboslute range expansion was reached. Closed the week below Y-5 and at week ...
Lawrence's Comment
Recap
Drop to Y-2 as expected. Y-2 / 4400 strong support points to Y-1 retest. Then the rumors about Greece surfaced and had driven NQ back up to Y-0. By ...
EURUSD Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint.
Outlook
The drop in euro is affected by both ECB jawboning and BOJ action. It is lack of volume that dropped euro lower. If Euro can hold B-1 next week a run back up to above B-0 is likely.
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