Recap As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week below Y-2 and near week low.
Outlook Drop is still too controlled meaning more downside risk likely. Cannot rule out a sharp bounce back to B-0 if Euro stages a FBO against B-1 early in the week.
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Lawrence's Comment
Recap
No take down to Y-0 happened as BOJ did their deeds again. Dow was moving in lock step with ninja. Up drift all week with light volume. Closed the ...
EURUSD Nov 09 to Nov 13 Outlook
Lawrence’s Comment
As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week below Y-2 and near week low.
Outlook
Drop is still too controlled meaning more downside risk likely. Cannot rule out a sharp bounce back to B-0 if Euro stages a FBO against B-1 early in the week.
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