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
As oppose to a pullback consolidation, ES gave us an all out blowoff top resulting in a fast 50+ points selloff. Messy price actions since. Due to holiday Monday ...
Lawrence's Comment
Recap
50% previous week range consolidation. Happens often after an initiate reversal. Closed the week near midpoint.
Outlook
A run to B+1 will trigger a run to Y+1, B+2 and ...
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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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