Trading Edges That Last
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EURUSD Apr 27 to May 01 Outlook
Lawrence’s Comment
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 Y+1 and above midpoint.
Outlook
Euro effective moved back up to the crime scene where the break down started. At this point it is not clear what ECB, EU, IMF and Greece are going to do next so things can change suddenly.
On chart pattern basis euro going into weekly bear flag mode.
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